KB Financial Group (NYSE:KB) Shares Gap Down - Time to Sell?

Shares of KB Financial Group Inc. (NYSE:KB - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $74.75, but opened at $72.88. KB Financial Group shares last traded at $72.78, with a volume of 34,859 shares traded.

Analysts Set New Price Targets

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 Performance

The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The firm has a market cap of $31.53 billion, a P/E ratio of 9.34, a P/E/G ratio of 0.52 and a beta of 0.98. The business has a fifty day simple moving average of $61.75 and a 200-day simple moving average of $60.33.

KB Financial Group (NYSE:KB - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $3.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.02). KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $4.45 billion. On average, sell-side analysts predict 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 made changes to their positions in KB. Deutsche Bank AG bought a new position in KB Financial Group in the 4th quarter worth about $1,149,000. D. E. Shaw & Co. Inc. boosted its holdings in KB Financial Group by 40.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 18,949 shares of the bank's stock worth $1,078,000 after purchasing an additional 5,427 shares during the last quarter. Vise Technologies Inc. boosted its stake in shares of KB Financial Group by 253.1% in the 4th quarter. Vise Technologies Inc. now owns 21,208 shares of the bank's stock worth $1,207,000 after buying an additional 15,202 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of KB Financial Group during the 4th quarter valued at about $7,301,000. Finally, Optas LLC bought a new stake in KB Financial Group during the fourth quarter valued at approximately $261,000. Institutional investors own 11.52% of the company's stock.

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.