KB Financial Group (NYSE:KB) Trading Down 3% - Here's Why

KB Financial Group Inc (NYSE:KB - Get Free Report)'s stock price traded down 3% during trading on Wednesday . The stock traded as low as $85.10 and last traded at $85.23. 23,740 shares changed hands during trading, a decline of 88% from the average session volume of 193,425 shares. The stock had previously closed at $87.89.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of KB Financial Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st.

KB Financial Group Stock Performance

The stock has a market cap of $32.24 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 0.64 and a beta of 1.06. The stock's fifty day moving average is $75.86 and its 200-day moving average is $63.60. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.40.

KB Financial Group (NYSE:KB - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The bank reported $3.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.04 by ($0.02). The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $4.45 billion. KB Financial Group had a net margin of 16.03% and a return on equity of 9.76%. On average, analysts forecast that KB Financial Group Inc will post 8.87 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KB. Bruce G. Allen Investments LLC grew its holdings in KB Financial Group by 141.8% during the first quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank's stock valued at $50,000 after purchasing an additional 543 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of KB Financial Group by 659.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock valued at $137,000 after buying an additional 2,097 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of KB Financial Group by 215.2% in the second quarter. Farther Finance Advisors LLC now owns 2,134 shares of the bank's stock valued at $176,000 after buying an additional 1,457 shares during the period. Cresset Asset Management LLC acquired a new position in shares of KB Financial Group in the first quarter valued at approximately $207,000. Finally, Cetera Investment Advisers boosted its holdings in shares of KB Financial Group by 7.4% in the fourth quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock valued at $214,000 after buying an additional 258 shares during the period. Institutional investors and hedge funds own 11.52% of the company's stock.

KB Financial Group Company Profile

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.