KB Financial Group (NYSE:KB) Sees Strong Trading Volume – Here’s What Happened

KB Financial Group Inc. (NYSE:KB) shares saw unusually-strong trading volume on Monday . Approximately 188,658 shares changed hands during mid-day trading, an increase of 2% from the previous session’s volume of 185,695 shares.The stock last traded at $56.33 and had previously closed at $55.68.

Wall Street Analyst Weigh In

Several research analysts recently commented on KB shares. Morgan Stanley raised KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th. StockNews.com downgraded KB Financial Group from a “buy” rating to a “hold” rating in a research note on Friday.

KB Financial Group Stock Up 1.6 %

The firm has a market capitalization of $22.25 billion, a price-to-earnings ratio of 6.59, a P/E/G ratio of 0.52 and a beta of 0.99. The business has a 50 day simple moving average of $58.02 and a 200-day simple moving average of $61.55. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66.

KB Financial Group (NYSE:KB) last issued its earnings results on Wednesday, March 5th. The bank reported $1.21 earnings per share (EPS) for the quarter. The business had revenue of $2.94 billion during the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. On average, equities analysts expect that KB Financial Group Inc. will post 8.87 EPS for the current year.

Hedge Funds Weigh In On KB Financial Group

A number of hedge funds have recently modified their holdings of the business. Northern Trust Corp grew its holdings in shares of KB Financial Group by 310.0% during the 4th quarter. Northern Trust Corp now owns 912,529 shares of the bank’s stock worth $51,923,000 after purchasing an additional 689,979 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of KB Financial Group by 4.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank’s stock valued at $46,424,000 after buying an additional 36,394 shares during the period. American Century Companies Inc. boosted its stake in shares of KB Financial Group by 4.9% in the 4th quarter. American Century Companies Inc. now owns 613,203 shares of the bank’s stock valued at $34,891,000 after buying an additional 28,627 shares during the period. Capital International Investors boosted its stake in shares of KB Financial Group by 7.2% in the 4th quarter. Capital International Investors now owns 512,752 shares of the bank’s stock valued at $29,194,000 after buying an additional 34,585 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of KB Financial Group by 4.9% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 447,400 shares of the bank’s stock valued at $25,457,000 after buying an additional 20,970 shares during the period. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

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.