KB Financial Group (NYSE:KB) Shares Gap Down – Should You Sell?

KB Financial Group Inc (NYSE:KB)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $114.17, but opened at $110.10. KB Financial Group shares last traded at $108.0690, with a volume of 76,136 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research report on Friday, March 27th. Wall Street Zen lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, KB Financial Group currently has an average rating of “Moderate Buy”.

KB Financial Group Trading Up 0.3%

The stock has a 50-day simple moving average of $106.58 and a 200 day simple moving average of $100.19. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.47. The company has a market cap of $39.78 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 0.65 and a beta of 1.01.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Tuesday, March 31st. The bank reported $2.16 EPS for the quarter. KB Financial Group had a net margin of 17.36% and a return on equity of 9.99%. The business had revenue of $3.49 billion for the quarter. As a group, equities research analysts predict that KB Financial Group Inc will post 11.93 EPS for the current fiscal year.

Institutional Investors Weigh In On KB Financial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. lifted its holdings in shares of KB Financial Group by 131.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock valued at $35,000 after buying an additional 229 shares during the period. Kestra Advisory Services LLC purchased a new position in KB Financial Group during the fourth quarter valued at approximately $39,000. Jones Financial Companies Lllp raised its position in KB Financial Group by 187.4% during the third quarter. Jones Financial Companies Lllp now owns 500 shares of the bank’s stock valued at $40,000 after acquiring an additional 326 shares in the last quarter. Leonteq Securities AG acquired a new position in KB Financial Group in the fourth quarter valued at approximately $43,000. Finally, Triumph Capital Management acquired a new position in KB Financial Group in the third quarter valued at approximately $46,000. 11.52% of the stock is owned by institutional investors and hedge funds.

About KB Financial Group

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.