KB Financial Group (NYSE:KB) Shares Down 4.7% – Here’s Why

Shares of KB Financial Group Inc. (NYSE:KB) dropped 4.7% during trading on Wednesday . The stock traded as low as $59.23 and last traded at $59.72. Approximately 8,765 shares were traded during trading, a decline of 93% from the average daily volume of 134,633 shares. The stock had previously closed at $62.65.

Analyst Upgrades and Downgrades

KB has been the topic of a number of research reports. Morgan Stanley upgraded shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th. StockNews.com cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Monday.

KB Financial Group Stock Performance

The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. The company has a fifty day moving average price of $60.58 and a 200 day moving average price of $63.14. The stock has a market cap of $23.19 billion, a P/E ratio of 6.88, a P/E/G ratio of 0.47 and a beta of 0.99.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KB. CWM LLC lifted its stake in KB Financial Group by 5.7% during the 3rd quarter. CWM LLC now owns 2,851 shares of the bank’s stock valued at $176,000 after acquiring an additional 155 shares in the last quarter. Hudson Edge Investment Partners Inc. raised its holdings in shares of KB Financial Group by 5.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock valued at $198,000 after purchasing an additional 168 shares during the last quarter. Candriam S.C.A. lifted its position in shares of KB Financial Group by 1.9% during the fourth quarter. Candriam S.C.A. now owns 10,679 shares of the bank’s stock valued at $608,000 after purchasing an additional 200 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in KB Financial Group by 1.6% during the third quarter. Bleakley Financial Group LLC now owns 13,248 shares of the bank’s stock worth $818,000 after purchasing an additional 208 shares during the last quarter. Finally, Centiva Capital LP grew its position in KB Financial Group by 6.0% in the 3rd quarter. Centiva Capital LP now owns 5,034 shares of the bank’s stock worth $311,000 after purchasing an additional 283 shares in the last quarter. 11.52% of the stock is owned by institutional investors.

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.