KB Financial Group (NYSE:KB) Shares Gap Down – What’s Next?

KB Financial Group Inc. (NYSE:KB)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $70.79, but opened at $69.11. KB Financial Group shares last traded at $68.85, with a volume of 20,040 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th.

KB Financial Group Price Performance

The firm has a market capitalization of $27.13 billion, a P/E ratio of 8.03, a PEG ratio of 0.62 and a beta of 0.97. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a 50-day moving average of $66.24 and a 200-day moving average of $62.43.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. CWM LLC increased its position in shares of KB Financial Group by 5.7% during the third quarter. CWM LLC now owns 2,851 shares of the bank’s stock worth $176,000 after acquiring an additional 155 shares during the period. EverSource Wealth Advisors LLC boosted its stake in KB Financial Group by 3.0% in the second quarter. EverSource Wealth Advisors LLC now owns 6,496 shares of the bank’s stock valued at $368,000 after acquiring an additional 192 shares in the last quarter. Adero Partners LLC boosted its stake in KB Financial Group by 4.2% in the second quarter. Adero Partners LLC now owns 4,802 shares of the bank’s stock valued at $272,000 after acquiring an additional 193 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in KB Financial Group by 1.6% in the third quarter. Bleakley Financial Group LLC now owns 13,248 shares of the bank’s stock valued at $818,000 after acquiring an additional 208 shares in the last quarter. Finally, Thornburg Investment Management Inc. boosted its stake in KB Financial Group by 1.7% in the second quarter. Thornburg Investment Management Inc. now owns 14,239 shares of the bank’s stock valued at $848,000 after acquiring an additional 242 shares in the last quarter. Institutional investors own 11.52% of the company’s stock.

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.