KB Financial Group (NYSE:KB) Shares Gap Down to $49.65

KB Financial Group Inc. (NYSE:KB - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $49.65, but opened at $48.00. KB Financial Group shares last traded at $47.90, with a volume of 22,288 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of KB Financial Group from a "hold" rating to a "buy" rating in a research note on Wednesday, March 13th.

KB Financial Group Stock Performance

The firm has a market capitalization of $19.04 billion, a PE ratio of 5.35, a P/E/G ratio of 0.36 and a beta of 1.04. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.67 and a quick ratio of 1.69. The company's fifty day simple moving average is $51.36 and its 200 day simple moving average is $44.13.

KB Financial Group (NYSE:KB - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The bank reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.21). KB Financial Group had a return on equity of 7.72% and a net margin of 12.94%. The firm had revenue of $3.54 billion during the quarter. As a group, equities research analysts expect that KB Financial Group Inc. will post 9.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC lifted its position in KB Financial Group by 79.8% during the second quarter. Lazard Asset Management LLC now owns 2,959,952 shares of the bank's stock valued at $107,741,000 after buying an additional 1,313,605 shares during the period. BlackRock Inc. lifted its position in shares of KB Financial Group by 36.1% during the 2nd quarter. BlackRock Inc. now owns 2,434,596 shares of the bank's stock valued at $88,619,000 after buying an additional 646,184 shares in the last quarter. Trinity Street Asset Management LLP lifted its position in shares of KB Financial Group by 3.1% during the 4th quarter. Trinity Street Asset Management LLP now owns 2,151,024 shares of the bank's stock valued at $88,988,000 after buying an additional 65,402 shares in the last quarter. Morgan Stanley lifted its holdings in KB Financial Group by 4.4% in the 3rd quarter. Morgan Stanley now owns 1,166,599 shares of the bank's stock worth $47,959,000 after purchasing an additional 49,146 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in shares of KB Financial Group by 19.4% during the 4th quarter. Royal London Asset Management Ltd. now owns 1,130,166 shares of the bank's stock worth $46,755,000 after acquiring an additional 183,266 shares in the last quarter. 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.