KB Financial Group Inc. (NYSE:KB - Get Free Report) gapped down before the market opened 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.
Analyst Ratings Changes
Separately, StockNews.com raised shares of KB Financial Group from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th.
Get Our Latest Report on KB Financial Group
KB Financial Group Stock Down 2.6 %
The firm's fifty day simple moving average is $66.24 and its 200 day simple moving average is $62.39. The company has a market cap of $27.13 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 0.62 and a beta of 0.97. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29.
Institutional Trading of KB Financial Group
A number of hedge funds have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in KB Financial Group by 23.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 779,499 shares of the bank's stock worth $48,134,000 after purchasing an additional 145,861 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of KB Financial Group during the third quarter worth approximately $7,291,000. Boston Partners increased its position in shares of KB Financial Group by 195.1% during the first quarter. Boston Partners now owns 100,447 shares of the bank's stock valued at $5,233,000 after purchasing an additional 66,413 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in KB Financial Group in the third quarter valued at $3,516,000. Finally, Teachers Retirement System of The State of Kentucky grew its position in KB Financial Group by 15.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank's stock valued at $26,332,000 after acquiring an additional 56,400 shares during the period. Hedge funds and other institutional investors own 11.52% of the company's stock.
KB Financial Group Company Profile
(
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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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