Shares of KB Financial Group Inc. (NYSE:KB – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 77,933 shares traded hands during mid-day trading, a decline of 62% from the previous session’s volume of 206,900 shares.The stock last traded at $61.18 and had previously closed at $59.79.
Analyst Ratings Changes
Separately, StockNews.com lowered KB Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th.
View Our Latest Stock Report on KB
KB Financial Group Price Performance
KB Financial Group (NYSE:KB – Get Free Report) last announced its quarterly earnings data on Thursday, May 16th. The bank reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.07. The company had revenue of $3.64 billion for the quarter. KB Financial Group had a return on equity of 6.97% and a net margin of 11.65%. On average, analysts forecast that KB Financial Group Inc. will post 9.23 earnings per share for the current year.
Institutional Trading of KB Financial Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KB. Raymond James Financial Services Advisors Inc. grew its holdings in shares of KB Financial Group by 6.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,093 shares of the bank’s stock valued at $252,000 after acquiring an additional 394 shares in the last quarter. Aprio Wealth Management LLC bought a new position in KB Financial Group during the fourth quarter valued at $215,000. Ritholtz Wealth Management grew its holdings in KB Financial Group by 17.2% during the fourth quarter. Ritholtz Wealth Management now owns 45,046 shares of the bank’s stock valued at $1,864,000 after purchasing an additional 6,598 shares during the period. Caprock Group LLC grew its holdings in KB Financial Group by 8.0% during the fourth quarter. Caprock Group LLC now owns 10,362 shares of the bank’s stock valued at $429,000 after purchasing an additional 766 shares during the period. Finally, Fifth Third Bancorp grew its holdings in KB Financial Group by 14.8% during the fourth quarter. Fifth Third Bancorp now owns 17,439 shares of the bank’s stock valued at $721,000 after purchasing an additional 2,244 shares during the period. 11.52% of the stock is 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.
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