KB Financial Group (NYSE:KB) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of KB Financial Group (NYSE:KB) from a buy rating to a hold rating in a report published on Thursday.

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

KB Financial Group Stock Performance

NYSE:KB opened at $53.47 on Thursday. 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 fifty-two week low of $45.59 and a fifty-two week high of $72.89. The company has a market cap of $21.04 billion, a price-to-earnings ratio of 6.23, a PEG ratio of 0.52 and a beta of 0.92. The stock has a fifty day moving average price of $54.90 and a 200-day moving average price of $60.52.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in KB Financial Group in the third quarter valued at $35,000. Tower Research Capital LLC TRC raised its stake in KB Financial Group by 659.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank’s stock worth $137,000 after buying an additional 2,097 shares during the period. Hudson Edge Investment Partners Inc. boosted its holdings in KB Financial Group by 5.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock worth $198,000 after acquiring an additional 168 shares in the last quarter. Cetera Investment Advisers grew its stake in KB Financial Group by 7.4% in the fourth quarter. Cetera Investment Advisers now owns 3,759 shares of the bank’s stock valued at $214,000 after acquiring an additional 258 shares during the period. Finally, Commonwealth Equity Services LLC bought a new stake in shares of KB Financial Group during the fourth quarter valued at approximately $222,000. 11.52% of the stock is owned by institutional investors and hedge funds.

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.