StockNews.com cut shares of KB Financial Group (NYSE:KB - Free Report) from a buy rating to a hold rating in a report issued on Monday morning.
KB Financial Group Stock Performance
NYSE:KB traded up $4.14 during midday trading on Monday, reaching $65.64. The stock had a trading volume of 241,401 shares, compared to its average volume of 191,198. The stock has a market capitalization of $25.83 billion, a P/E ratio of 7.65, a PEG ratio of 0.52 and a beta of 0.92. KB Financial Group has a 1-year low of $46.38 and a 1-year high of $72.89. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. The firm's fifty day simple moving average is $55.32 and its 200-day simple moving average is $60.00.
KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.02). KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $4.45 billion. On average, equities research analysts forecast that KB Financial Group will post 8.87 EPS for the current fiscal year.
Institutional Investors Weigh In On KB Financial Group
Institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of KB Financial Group in the 3rd quarter worth approximately $35,000. Aprio Wealth Management LLC boosted its stake in KB Financial Group by 14.6% during the fourth quarter. Aprio Wealth Management LLC now owns 9,171 shares of the bank's stock worth $522,000 after buying an additional 1,171 shares in the last quarter. Gilman Hill Asset Management LLC increased its holdings in KB Financial Group by 1.5% in the 4th quarter. Gilman Hill Asset Management LLC now owns 67,138 shares of the bank's stock valued at $3,820,000 after buying an additional 961 shares during the period. Ballentine Partners LLC increased its stake in KB Financial Group by 3.0% in the fourth quarter. Ballentine Partners LLC now owns 23,312 shares of the bank's stock valued at $1,326,000 after acquiring an additional 685 shares during the period. Finally, SG Americas Securities LLC acquired a new position in KB Financial Group in the fourth quarter worth about $856,000. 11.52% of the stock is owned by institutional investors and hedge funds.
About KB Financial Group
(
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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.
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