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

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

KB Financial Group Price Performance

KB opened at $61.69 on Monday. 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 stock’s 50 day simple moving average is $54.94 and its 200 day simple moving average is $60.05. The firm has a market cap of $24.28 billion, a price-to-earnings ratio of 7.19, a PEG ratio of 0.52 and a beta of 0.92. KB Financial Group has a 1 year low of $46.38 and a 1 year high of $72.89.

KB Financial Group (NYSE:KB) last issued its earnings results on Thursday, April 24th. The bank reported $3.02 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.02). The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $4.45 billion. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. As a group, analysts predict that KB Financial Group will post 8.87 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new position in shares of KB Financial Group during the third quarter valued at approximately $35,000. Bruce G. Allen Investments LLC increased its position in KB Financial Group by 141.8% during the 1st quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank’s stock valued at $50,000 after purchasing an additional 543 shares during the period. Tower Research Capital LLC TRC raised its holdings in KB Financial Group by 659.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank’s stock worth $137,000 after purchasing an additional 2,097 shares in the last quarter. Hudson Edge Investment Partners Inc. lifted its position in shares of KB Financial Group by 5.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock worth $198,000 after purchasing an additional 168 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of KB Financial Group by 7.4% during the fourth quarter. Cetera Investment Advisers now owns 3,759 shares of the bank’s stock valued at $214,000 after buying an additional 258 shares during the period. 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.