KB Financial Group Inc. (NYSE:KB – Get Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $67.25, but opened at $70.23. KB Financial Group shares last traded at $70.58, with a volume of 47,143 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday.
Check Out Our Latest Analysis on KB
KB Financial Group Trading Down 2.6 %
KB Financial Group (NYSE:KB – Get Free Report) last posted its earnings results on Wednesday, August 14th. The bank reported $3.06 EPS 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 company had revenue of $3.18 billion for the quarter. On average, research analysts expect that KB Financial Group Inc. will post 9.4 earnings per share for the current year.
Hedge Funds Weigh In On KB Financial Group
A number of hedge funds have recently made changes to their positions in KB. Boston Partners lifted 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 purchasing an additional 66,413 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake 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 worth $19,267,000 after acquiring an additional 64,000 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in KB Financial Group by 32.0% during the 1st quarter. Acadian Asset Management LLC now owns 257,611 shares of the bank’s stock valued at $13,409,000 after acquiring an additional 62,455 shares during the period. SageView Advisory Group LLC acquired a new position in KB Financial Group in the 1st quarter valued at about $1,914,000. Finally, NINE MASTS CAPITAL Ltd purchased a new stake in KB Financial Group during the second quarter worth about $2,038,000. Hedge funds and other 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.
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