KB Financial Group (NYSE:KB) Shares Gap Down - Should You Sell?

Key Points

• KB Financial Group's shares gapped down from $85.91 to $79.77 before trading on Monday, closing at $79.44 with a trading volume of 178,276 shares.
• Wall Street Zen upgraded KB Financial Group's stock rating from "hold" to "buy" in a report published on May 21st.
• The company's recent earnings report revealed earnings per share of $3.02, missing expectations by $0.02, with a significant revenue shortfall compared to analyst estimates.

KB Financial Group Inc (NYSE:KB - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $85.91, but opened at $79.77. KB Financial Group shares last traded at $79.44, with a volume of 178,276 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen raised 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 1.9%

The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market cap of $29.61 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.61 and a beta of 1.06. The business has a fifty day simple moving average of $80.60 and a 200-day simple moving average of $66.18.

Institutional Investors Weigh In On KB Financial Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp raised its holdings in KB Financial Group by 310.0% during the 4th quarter. Northern Trust Corp now owns 912,529 shares of the bank's stock worth $51,923,000 after purchasing an additional 689,979 shares during the last quarter. Ranmore Fund Management Ltd acquired a new stake in shares of KB Financial Group during the first quarter worth $12,746,000. Raymond James Financial Inc. bought a new position in KB Financial Group during the fourth quarter worth $7,301,000. Silvercrest Asset Management Group LLC bought a new position in KB Financial Group during the fourth quarter worth $5,489,000. Finally, Mirabella Financial Services LLP acquired a new position in KB Financial Group in the fourth quarter valued at $5,000,000. 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.