StockNews.com Downgrades KB Financial Group (NYSE:KB) to Hold

KB Financial Group (NYSE:KB) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

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

KB Financial Group Stock Down 0.5 %

KB stock opened at $55.59 on Friday. The firm’s fifty day simple moving average is $58.02 and its 200-day simple moving average is $61.56. The company has a market capitalization of $21.88 billion, a P/E ratio of 6.48, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. KB Financial Group has a 12 month low of $45.59 and a 12 month high of $72.89.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Wednesday, March 5th. The bank reported $1.21 EPS for the quarter. The business had revenue of $2.94 billion for the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. As a group, equities research analysts forecast that KB Financial Group will post 8.87 earnings per share for the current year.

Hedge Funds Weigh In On KB Financial Group

Several large investors have recently made changes to their positions in KB. Northern Trust Corp lifted its stake in shares of KB Financial Group by 310.0% in the 4th quarter. Northern Trust Corp now owns 912,529 shares of the bank’s stock valued at $51,923,000 after purchasing an additional 689,979 shares during the period. Raymond James Financial Inc. acquired a new position in KB Financial Group during the fourth quarter worth $7,301,000. Public Employees Retirement System of Ohio acquired a new position in KB Financial Group during the third quarter worth $7,291,000. Silvercrest Asset Management Group LLC acquired a new position in KB Financial Group during the fourth quarter worth $5,489,000. Finally, Mirabella Financial Services LLP acquired a new position in KB Financial Group during the fourth quarter worth $5,000,000. 11.52% of the stock is currently owned by institutional investors and hedge funds.

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.