KB Financial Group Inc. (NYSE:KB – Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $57.65, but opened at $56.40. KB Financial Group shares last traded at $56.29, with a volume of 15,113 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday.
Read Our Latest Analysis on KB
KB Financial Group Price Performance
KB Financial Group (NYSE:KB – Get Free Report) last issued its quarterly earnings results on Thursday, May 16th. The bank reported $2.07 EPS for the quarter, topping the consensus estimate of $2.00 by $0.07. The firm had revenue of $3.64 billion during the quarter. KB Financial Group had a return on equity of 6.97% and a net margin of 11.65%. Sell-side analysts predict that KB Financial Group Inc. will post 9.41 EPS for the current year.
Institutional Trading of KB Financial Group
Several large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its holdings in KB Financial Group by 8.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,304 shares of the bank’s stock valued at $340,000 after buying an additional 510 shares in the last quarter. Boston Partners grew its holdings in KB Financial Group by 195.1% in the 1st quarter. Boston Partners now owns 100,447 shares of the bank’s stock valued at $5,233,000 after buying an additional 66,413 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in KB Financial Group by 20.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 370,030 shares of the bank’s stock valued at $19,267,000 after buying an additional 64,000 shares in the last quarter. SVB Wealth LLC lifted its stake in shares of KB Financial Group by 4.5% in the 1st quarter. SVB Wealth LLC now owns 6,225 shares of the bank’s stock valued at $324,000 after purchasing an additional 270 shares during the last quarter. Finally, Capital International Investors lifted its stake in shares of KB Financial Group by 8.2% in the 1st quarter. Capital International Investors now owns 254,968 shares of the bank’s stock valued at $13,276,000 after purchasing an additional 19,260 shares during the last quarter. 11.52% of the stock is currently owned by hedge funds and other 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.
Recommended Stories
- Five stocks we like better than KB Financial Group
- Why is the Ex-Dividend Date Significant to Investors?
- Occidental Stock: Buffett’s 9-Day Buying Spree Lifts Stake to 29%
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- 3M Stock: Invest Now for Unmatched Quality and Growth Potential
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Super Micro AI Stock: Should You Invest After a 275% Increase?
Receive News & Ratings for KB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.