KB Financial Group (NYSE:KB) Shares Down 2.7%

KB Financial Group Inc. (NYSE:KB) was down 2.7% on Tuesday . The company traded as low as $61.40 and last traded at $61.69. Approximately 36,598 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 202,834 shares. The stock had previously closed at $63.43.

Analyst Ratings Changes

Separately, StockNews.com raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 27th.

KB Financial Group Stock Performance

The firm has a market cap of $24.77 billion, a P/E ratio of 7.92, a PEG ratio of 0.41 and a beta of 0.99. The stock’s 50 day moving average is $62.48 and its two-hundred day moving average is $57.79. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.67 and a quick ratio of 1.67.

KB Financial Group (NYSE:KB) last posted its earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.36. The business had revenue of $3.18 billion for the quarter. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. As a group, equities analysts predict that KB Financial Group Inc. will post 9.4 EPS for the current year.

Institutional Trading of KB Financial Group

Large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of KB Financial Group by 7.1% during the second quarter. American Century Companies Inc. now owns 511,542 shares of the bank’s stock worth $28,958,000 after purchasing an additional 33,900 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of KB Financial Group by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 370,030 shares of the bank’s stock worth $19,267,000 after purchasing an additional 64,000 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of KB Financial Group by 3.9% during the second quarter. Acadian Asset Management LLC now owns 267,625 shares of the bank’s stock worth $15,146,000 after purchasing an additional 10,014 shares in the last quarter. Capital International Investors lifted its position in shares of KB Financial Group by 8.2% during the first quarter. Capital International Investors now owns 254,968 shares of the bank’s stock worth $13,276,000 after purchasing an additional 19,260 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of KB Financial Group by 4.9% during the second quarter. Envestnet Asset Management Inc. now owns 165,691 shares of the bank’s stock worth $9,380,000 after purchasing an additional 7,809 shares in the last quarter. 11.52% of the stock is owned by institutional investors.

KB Financial Group Company Profile

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.