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

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

Analyst Ratings Changes

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

KB Financial Group Stock Up 0.4%

The company's 50 day moving average price is $75.38 and its 200 day moving average price is $63.42. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $32.43 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 0.67 and a beta of 1.06.

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

Hedge Funds Weigh In On KB Financial Group

Several large investors have recently made changes to their positions in KB. Aaron Wealth Advisors LLC grew its stake in KB Financial Group by 10.0% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 5,676 shares of the bank's stock valued at $469,000 after acquiring an additional 515 shares during the period. Jane Street Group LLC grew its stake in KB Financial Group by 64.3% in the 1st quarter. Jane Street Group LLC now owns 26,136 shares of the bank's stock valued at $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 grew its stake in KB Financial Group by 53.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,650 shares of the bank's stock valued at $5,230,000 after acquiring an additional 33,650 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in KB Financial Group in the 1st quarter valued at about $259,000. Finally, AQR Capital Management LLC purchased a new position in KB Financial Group in the 1st quarter valued at about $300,000. 11.52% of the stock is currently owned by institutional investors and hedge funds.

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.