KB Financial Group (NYSE:KB) Shares Down 4.6%

KB Financial Group Inc. (NYSE:KB) dropped 4.6% on Wednesday . The company traded as low as $51.15 and last traded at $51.31. Approximately 59,907 shares traded hands during trading, a decline of 73% from the average daily volume of 217,911 shares. The stock had previously closed at $53.80.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th.

KB Financial Group Stock Up 1.2 %

The firm has a market capitalization of $21.01 billion, a P/E ratio of 5.90, a P/E/G ratio of 0.38 and a beta of 1.02. The company has a fifty day simple moving average of $49.28 and a 200 day simple moving average of $43.54. The company has a quick ratio of 1.69, a current ratio of 1.67 and a debt-to-equity ratio of 2.36.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Wednesday, March 6th. The bank reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.21). KB Financial Group had a return on equity of 7.72% and a net margin of 12.94%. The firm had revenue of $3.54 billion during the quarter. On average, equities analysts expect that KB Financial Group Inc. will post 9.87 EPS for the current fiscal year.

Institutional Investors Weigh In On KB Financial Group

Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its position in KB Financial Group by 156.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 625 shares of the bank’s stock valued at $31,000 after acquiring an additional 381 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of KB Financial Group by 125.1% during the third quarter. Allworth Financial LP now owns 1,166 shares of the bank’s stock valued at $48,000 after purchasing an additional 648 shares in the last quarter. Tucker Asset Management LLC purchased a new stake in shares of KB Financial Group during the fourth quarter valued at $68,000. CWM LLC increased its holdings in KB Financial Group by 18.9% in the 3rd quarter. CWM LLC now owns 2,144 shares of the bank’s stock worth $88,000 after buying an additional 341 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in KB Financial Group by 39.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,152 shares of the bank’s stock worth $78,000 after buying an additional 607 shares during the last quarter. Hedge funds and other 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 and internationally. The company operates through seven segments: Retail Banking, Corporate Banking, Other Banking, Credit Card, Securities, Life Insurance, and Non-Life Insurance.