KB Financial Group (NYSE:KB) Shares Gap Down – Time to Sell?

KB Financial Group Inc. (NYSE:KB)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $70.79, but opened at $69.11. KB Financial Group shares last traded at $68.85, with a volume of 20,040 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th.

KB Financial Group Price Performance

The firm has a 50-day simple moving average of $66.12 and a 200-day simple moving average of $62.33. The firm has a market cap of $27.11 billion, a P/E ratio of 8.25, a PEG ratio of 0.62 and a beta of 0.97. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29.

Hedge Funds Weigh In On KB Financial Group

Large investors have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky raised its stake in shares of 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 worth $19,267,000 after acquiring an additional 64,000 shares in the last quarter. Boston Partners increased its position in shares of 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 purchasing an additional 66,413 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of KB Financial Group by 8.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,304 shares of the bank’s stock valued at $340,000 after purchasing an additional 510 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of KB Financial Group by 35.6% in the 2nd quarter. GAMMA Investing LLC now owns 934 shares of the bank’s stock worth $53,000 after purchasing an additional 245 shares in the last quarter. Finally, Hilltop National Bank purchased a new position in KB Financial Group during the 2nd quarter worth $34,000. 11.52% of the stock is currently owned by 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.