KB Financial Group Inc. (NYSE:KB - Get Free Report) dropped 4.7% during mid-day trading on Wednesday . The stock traded as low as $59.23 and last traded at $59.72. Approximately 8,765 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 134,633 shares. The stock had previously closed at $62.65.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on KB. StockNews.com downgraded KB Financial Group from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Morgan Stanley raised KB Financial Group from an "equal weight" rating to an "overweight" rating in a research note on Thursday, December 12th.
Get Our Latest Stock Report on KB Financial Group
KB Financial Group Stock Down 0.5 %
The company's fifty day simple moving average is $60.38 and its 200 day simple moving average is $63.13. The firm has a market capitalization of $23.12 billion, a P/E ratio of 6.85, a price-to-earnings-growth ratio of 0.46 and a beta of 0.99. 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
Several institutional investors and hedge funds have recently bought and sold shares of KB. BOCHK Asset Management Ltd bought a new position in shares of KB Financial Group in the 3rd quarter worth approximately $25,000. Wilmington Savings Fund Society FSB bought a new position in KB Financial Group in the third quarter worth $35,000. Venturi Wealth Management LLC lifted its position in KB Financial Group by 2,427.9% during the third quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank's stock valued at $67,000 after buying an additional 1,044 shares during the period. GAMMA Investing LLC boosted its holdings in shares of KB Financial Group by 36.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,279 shares of the bank's stock valued at $79,000 after buying an additional 345 shares in the last quarter. Finally, CWM LLC grew its position in shares of KB Financial Group by 5.7% in the 3rd quarter. CWM LLC now owns 2,851 shares of the bank's stock worth $176,000 after buying an additional 155 shares during the period. 11.52% of the stock is currently owned by hedge funds and other institutional investors.
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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