KB Financial Group (NYSE:KB) Sees Strong Trading Volume

Shares of KB Financial Group Inc. (NYSE:KBGet Free Report) saw unusually-high trading volume on Monday . Approximately 154,643 shares were traded during trading, a decline of 23% from the previous session’s volume of 199,677 shares.The stock last traded at $62.62 and had previously closed at $63.15.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded KB Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th.

View Our Latest Report on KB

KB Financial Group Trading Down 0.9 %

The company has a market cap of $24.49 billion, a P/E ratio of 7.65, a P/E/G ratio of 0.46 and a beta of 1.00. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 2.25. The business has a 50-day moving average price of $57.14 and a two-hundred day moving average price of $50.76.

KB Financial Group (NYSE:KBGet Free Report) last released its earnings results on Thursday, May 16th. The bank reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.07. The company 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%. On average, analysts predict that KB Financial Group Inc. will post 9.23 EPS for the current year.

Institutional Investors Weigh In On KB Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its holdings in KB Financial Group by 9.5% in the third quarter. American Century Companies Inc. now owns 391,861 shares of the bank’s stock valued at $16,109,000 after purchasing an additional 33,884 shares during the last quarter. Trinity Street Asset Management LLP increased its holdings in KB Financial Group by 3.1% in the fourth quarter. Trinity Street Asset Management LLP now owns 2,151,024 shares of the bank’s stock valued at $88,988,000 after purchasing an additional 65,402 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in KB Financial Group by 12.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 306,030 shares of the bank’s stock valued at $12,660,000 after acquiring an additional 33,300 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in KB Financial Group in the fourth quarter valued at about $1,112,000. Finally, CWM LLC grew its stake in KB Financial Group by 12.4% in the fourth quarter. CWM LLC now owns 2,409 shares of the bank’s stock valued at $100,000 after acquiring an additional 265 shares during the period. Institutional investors own 11.52% of the company’s stock.

About KB Financial Group

(Get Free Report)

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.

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