KB Financial Group (NYSE:KB) Stock Rating Upgraded by Bank of America

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KB Financial Group (NYSE:KB) was upgraded by analysts at Bank of America from a “neutral” rating to a “buy” rating in a report issued on Monday, MarketBeat.com reports.

Several other equities research analysts have also recently weighed in on the company. ValuEngine upgraded KB Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research cut KB Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Citigroup cut KB Financial Group from a “buy” rating to a “neutral” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $41.00.

Shares of KB stock opened at $38.62 on Monday. The stock has a market capitalization of $15.75 billion, a PE ratio of 5.53, a P/E/G ratio of 1.81 and a beta of 0.83. KB Financial Group has a 1-year low of $30.83 and a 1-year high of $43.69. The business has a 50-day moving average of $36.46 and a 200 day moving average of $36.50. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.63 and a quick ratio of 1.63.

Several institutional investors have recently bought and sold shares of KB. Berman Capital Advisors LLC boosted its stake in shares of KB Financial Group by 93.3% in the 2nd quarter. Berman Capital Advisors LLC now owns 638 shares of the bank’s stock worth $25,000 after buying an additional 308 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of KB Financial Group in the 1st quarter worth $34,000. Lindbrook Capital LLC boosted its stake in shares of KB Financial Group by 43.0% in the 2nd quarter. Lindbrook Capital LLC now owns 1,025 shares of the bank’s stock worth $40,000 after buying an additional 308 shares during the last quarter. Pacer Advisors Inc. purchased a new position in shares of KB Financial Group in the 2nd quarter worth $56,000. Finally, Quantamental Technologies LLC boosted its stake in shares of KB Financial Group by 119.6% in the 2nd quarter. Quantamental Technologies LLC now owns 1,976 shares of the bank’s stock worth $78,000 after buying an additional 1,076 shares during the last quarter. 7.00% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Company Profile

KB Financial Group Inc, a financial holding company, provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. It operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.

Further Reading: What is the Quick Ratio?

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