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

Shares of KB Financial Group Inc. (NYSE:KB) saw strong trading volume on Tuesday . 130,207 shares traded hands during mid-day trading, a decline of 32% from the previous session’s volume of 192,066 shares.The stock last traded at $67.08 and had previously closed at $68.76.

Analysts Set New Price Targets

Separately, StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th.

KB Financial Group Stock Performance

The stock has a market capitalization of $26.35 billion, a P/E ratio of 8.01, a PEG ratio of 0.61 and a beta of 0.97. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The firm has a 50-day moving average of $66.35 and a 200 day moving average of $62.52.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. BOCHK Asset Management Ltd acquired a new position in KB Financial Group during the 3rd quarter worth $25,000. Wilmington Savings Fund Society FSB bought a new stake in shares of KB Financial Group during the third quarter worth $35,000. Hilltop National Bank acquired a new position in shares of KB Financial Group during the second quarter valued at $34,000. Benjamin F. Edwards & Company Inc. boosted its holdings in KB Financial Group by 66.1% in the second 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 during the last quarter. Finally, GAMMA Investing LLC increased its position in KB Financial Group by 35.6% in the second quarter. GAMMA Investing LLC now owns 934 shares of the bank’s stock worth $53,000 after purchasing an additional 245 shares during the period. 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.