KB Financial Group (NYSE:KB) Trading Down 3% - What's Next?

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 Analysts Forecast Growth

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

KB Financial Group Trading Down 0.9%

The company has a debt-to-equity ratio of 2.40, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market capitalization of $32.28 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 0.64 and a beta of 1.06. The business's 50 day simple moving average is $76.24 and its 200 day simple moving average is $63.77.

KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $3.02 EPS for the quarter, missing analysts' consensus estimates of $3.04 by ($0.02). The business had revenue of $3.27 billion during 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%. Research analysts anticipate 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 the business. Farther Finance Advisors LLC increased its stake in shares of KB Financial Group by 215.2% during the second quarter. Farther Finance Advisors LLC now owns 2,134 shares of the bank's stock worth $176,000 after acquiring an additional 1,457 shares during the period. Aaron Wealth Advisors LLC increased its stake in shares of KB Financial Group by 10.0% during the second quarter. Aaron Wealth Advisors LLC now owns 5,676 shares of the bank's stock worth $469,000 after acquiring an additional 515 shares during the period. Jane Street Group LLC increased its stake in shares of KB Financial Group by 64.3% during the first quarter. Jane Street Group LLC now owns 26,136 shares of the bank's stock worth $1,414,000 after acquiring an additional 10,225 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of KB Financial Group by 53.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,650 shares of the bank's stock worth $5,230,000 after acquiring an additional 33,650 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of KB Financial Group during the first quarter worth about $259,000. 11.52% of the stock is currently owned by institutional investors and hedge funds.

About KB Financial Group

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.