KB Financial Group (NYSE:KB) Shares Gap Down - What's Next?

KB Financial Group Inc. (NYSE:KB - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $72.18, but opened at $69.28. KB Financial Group shares last traded at $68.99, with a volume of 31,096 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded KB Financial Group from a "buy" rating to a "hold" rating in a report on Saturday, October 12th.

KB Financial Group Stock Down 4.5 %

The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.33. The stock has a 50 day simple moving average of $64.34 and a 200 day simple moving average of $59.81. The firm has a market capitalization of $27.81 billion, a PE ratio of 8.64, a PEG ratio of 0.47 and a beta of 0.98.

KB Financial Group (NYSE:KB - Get Free Report) last issued its earnings results on Wednesday, August 14th. The bank reported $3.06 EPS for the quarter, topping the consensus estimate of $2.70 by $0.36. The company had revenue of $3.18 billion for the quarter. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. As a group, sell-side analysts forecast that KB Financial Group Inc. will post 9.4 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BOCHK Asset Management Ltd purchased a new stake in shares of KB Financial Group in the 3rd quarter worth about $25,000. Hilltop National Bank purchased a new stake in KB Financial Group in the second quarter worth about $34,000. Benjamin F. Edwards & Company Inc. boosted its position in KB Financial Group by 66.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank's stock valued at $44,000 after acquiring an additional 310 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of KB Financial Group by 35.6% during the 2nd quarter. GAMMA Investing LLC now owns 934 shares of the bank's stock worth $53,000 after acquiring an additional 245 shares during the period. Finally, CWM LLC raised 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 acquiring an additional 155 shares in the last quarter. Institutional investors own 11.52% of the company's stock.

KB Financial Group Company Profile

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.