KB Financial Group (NYSE:KB) Shares Gap Down – Time to Sell?

KB Financial Group Inc (NYSE:KB)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $119.37, but opened at $115.30. KB Financial Group shares last traded at $116.09, with a volume of 45,227 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of KB Financial Group in a research report on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday, June 24th. Finally, Wall Street Zen lowered KB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

KB Financial Group Stock Performance

The company’s 50-day moving average price is $108.02 and its two-hundred day moving average price is $104.29. The company has a market capitalization of $42.59 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 0.76 and a beta of 1.01. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.64 and a quick ratio of 1.64.

KB Financial Group (NYSE:KB) last released its earnings results on Tuesday, March 31st. The bank reported $2.16 earnings per share (EPS) for the quarter. The business had revenue of $3.49 billion for the quarter. KB Financial Group had a net margin of 17.36% and a return on equity of 9.99%. On average, equities research analysts anticipate that KB Financial Group Inc will post 12.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. grew its stake in KB Financial Group by 131.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock worth $35,000 after purchasing an additional 229 shares during the period. Kestra Advisory Services LLC bought a new position in shares of KB Financial Group during the 4th quarter worth approximately $39,000. Leonteq Securities AG bought a new position in shares of KB Financial Group during the 4th quarter worth approximately $43,000. Triumph Capital Management acquired a new stake in shares of KB Financial Group during the 3rd quarter worth approximately $46,000. Finally, Bell Investment Advisors Inc grew its position in shares of KB Financial Group by 29.3% during the 1st quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock worth $48,000 after buying an additional 108 shares during the period. 11.52% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Company Profile

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.