KB Financial Group (NYSE:KB) Shares Gap Down - Here's Why

KB Financial Group Inc (NYSE:KB - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $85.57, but opened at $82.78. KB Financial Group shares last traded at $81.71, with a volume of 47,564 shares traded.

Wall Street Analysts Forecast Growth

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

KB Financial Group Stock Down 1.3%

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 fifty day simple moving average of $77.98 and a 200-day simple moving average of $64.66. The company has a market capitalization of $31.16 billion, a PE ratio of 7.92, a P/E/G ratio of 0.62 and a beta of 1.06.

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 for the quarter, missing analysts' consensus estimates 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 firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $4.45 billion. Equities research analysts anticipate that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC grew its stake in shares of KB Financial Group by 141.8% in the first quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank's stock worth $50,000 after purchasing an additional 543 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of KB Financial Group by 659.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock valued at $137,000 after buying an additional 2,097 shares during the period. GAMMA Investing LLC lifted its holdings in shares of KB Financial Group by 105.6% in the second quarter. GAMMA Investing LLC now owns 1,836 shares of the bank's stock valued at $152,000 after buying an additional 943 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of KB Financial Group by 215.2% in the second quarter. Farther Finance Advisors LLC now owns 2,134 shares of the bank's stock valued at $176,000 after buying an additional 1,457 shares during the period. Finally, Cresset Asset Management LLC acquired a new stake in shares of KB Financial Group in the first quarter valued at $207,000. 11.52% of the stock is currently owned by institutional investors.

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.