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

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

Analyst Upgrades and Downgrades

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 Price Performance

The company has a fifty day moving average of $75.38 and a 200-day moving average of $63.42. The stock has a market cap of $32.57 billion, a PE ratio of 8.28, a P/E/G ratio of 0.64 and a beta of 1.06. The company has a current ratio of 1.68, a quick 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 results on Thursday, April 24th. The bank reported $3.02 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.02). KB Financial Group had a net margin of 16.03% and a return on equity of 9.76%. The business had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $4.45 billion. Sell-side analysts expect that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

Hedge Funds Weigh In On KB Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of KB. Bank of New York Mellon Corp boosted its stake in shares of KB Financial Group by 5.6% during the fourth quarter. Bank of New York Mellon Corp now owns 13,106 shares of the bank's stock worth $746,000 after buying an additional 694 shares during the period. Victory Capital Management Inc. acquired a new stake in KB Financial Group during the 4th quarter worth approximately $698,000. Raymond James Financial Inc. purchased a new position in shares of KB Financial Group in the 4th quarter valued at approximately $7,301,000. HighTower Advisors LLC acquired a new position in shares of KB Financial Group in the fourth quarter valued at approximately $933,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of KB Financial Group by 4.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank's stock worth $46,424,000 after purchasing an additional 36,394 shares during the last quarter. 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.