KB Financial Group (NYSE:KB) Sees Strong Trading Volume

Shares of KB Financial Group Inc. (NYSE:KB) saw strong trading volume on Tuesday . 492,854 shares changed hands during mid-day trading, an increase of 140% from the previous session’s volume of 204,988 shares.The stock last traded at $61.57 and had previously closed at $61.66.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 27th.

KB Financial Group Stock Performance

The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a 50 day moving average of $62.37 and a two-hundred day moving average of $57.39. The stock has a market cap of $24.87 billion, a P/E ratio of 7.70, a P/E/G ratio of 0.41 and a beta of 0.99.

KB Financial Group (NYSE:KB) last issued its quarterly earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.36. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. The firm had revenue of $3.18 billion during the quarter. On average, research analysts predict that KB Financial Group Inc. will post 9.4 EPS for the current fiscal year.

Institutional Trading of KB Financial Group

Several institutional investors have recently made changes to their positions in KB. Boston Partners raised its stake in KB Financial Group by 195.1% during the first quarter. Boston Partners now owns 100,447 shares of the bank’s stock worth $5,233,000 after acquiring an additional 66,413 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in KB Financial Group by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 370,030 shares of the bank’s stock valued at $19,267,000 after purchasing an additional 64,000 shares in the last quarter. Acadian Asset Management LLC raised its position in KB Financial Group by 32.0% in the 1st quarter. Acadian Asset Management LLC now owns 257,611 shares of the bank’s stock valued at $13,409,000 after purchasing an additional 62,455 shares during the last quarter. SageView Advisory Group LLC bought a new stake in shares of KB Financial Group during the first quarter worth $1,914,000. Finally, NINE MASTS CAPITAL Ltd bought a new position in shares of KB Financial Group in the second quarter valued at about $2,038,000. 11.52% of the stock is currently owned by institutional investors and hedge funds.

About KB Financial Group

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.