KB Financial Group (NYSE:KB) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of KB Financial Group (NYSE:KB) from a hold rating to a buy rating in a report released on Tuesday.

Separately, Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th.

KB Financial Group Stock Performance

Shares of NYSE:KB opened at $58.09 on Tuesday. The firm’s 50 day simple moving average is $60.18 and its 200-day simple moving average is $63.14. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. KB Financial Group has a one year low of $45.59 and a one year high of $72.89. The firm has a market cap of $22.86 billion, a PE ratio of 6.77, a price-to-earnings-growth ratio of 0.46 and a beta of 0.99.

Institutional Investors Weigh In On KB Financial Group

Hedge funds have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. increased its holdings in KB Financial Group by 4.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank’s stock valued at $46,424,000 after buying an additional 36,394 shares during the period. American Century Companies Inc. boosted its position in KB Financial Group by 4.9% during the 4th quarter. American Century Companies Inc. now owns 613,203 shares of the bank’s stock valued at $34,891,000 after acquiring an additional 28,627 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of KB Financial Group by 15.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank’s stock valued at $26,332,000 after acquiring an additional 56,400 shares during the period. Raymond James Financial Inc. bought a new position in shares of KB Financial Group in the 4th quarter worth $7,301,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of KB Financial Group during the 3rd quarter worth $7,291,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

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.