KB Financial Group (NYSE:KB) Sees Strong Trading Volume – Time to Buy?

KB Financial Group Inc. (NYSE:KB) saw unusually-high trading volume on Tuesday . Approximately 130,207 shares changed hands during 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.

Analyst Upgrades and Downgrades

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

KB Financial Group Stock Down 2.6 %

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 business has a 50 day simple moving average of $66.35 and a 200 day simple moving average of $62.52. The stock has a market cap of $26.35 billion, a PE ratio of 8.01, a P/E/G ratio of 0.61 and a beta of 0.97.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KB. GAMMA Investing LLC increased its holdings in shares of KB Financial Group by 35.6% during the 2nd quarter. GAMMA Investing LLC now owns 934 shares of the bank’s stock valued at $53,000 after acquiring an additional 245 shares during the last quarter. Hilltop National Bank acquired a new stake in shares of KB Financial Group in the second quarter worth $34,000. Aprio Wealth Management LLC boosted its holdings in shares of KB Financial Group by 14.7% during the 2nd quarter. Aprio Wealth Management LLC now owns 7,132 shares of the bank’s stock worth $404,000 after buying an additional 916 shares during the period. Simplicity Wealth LLC grew its stake in KB Financial Group by 8.9% in the 2nd quarter. Simplicity Wealth LLC now owns 13,012 shares of the bank’s stock valued at $737,000 after buying an additional 1,061 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in KB Financial Group by 2.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 15,160 shares of the bank’s stock worth $858,000 after acquiring an additional 327 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.