KB Financial Group (NYSE:KB) Rating Increased to Buy at StockNews.com

KB Financial Group (NYSE:KB) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

KB Financial Group Price Performance

Shares of KB stock traded down $3.23 during trading hours on Wednesday, hitting $59.42. The stock had a trading volume of 294,533 shares, compared to its average volume of 212,191. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.65 and a quick ratio of 1.65. KB Financial Group has a one year low of $36.57 and a one year high of $63.31. The stock’s 50-day moving average price is $58.37 and its two-hundred day moving average price is $52.39. The stock has a market capitalization of $23.98 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 0.45 and a beta of 1.00.

KB Financial Group (NYSE:KB) last released its quarterly earnings results on Thursday, May 16th. The bank reported $2.07 EPS for the quarter, topping the consensus estimate of $2.00 by $0.07. KB Financial Group had a return on equity of 6.97% and a net margin of 11.65%. The company had revenue of $3.64 billion during the quarter. Equities analysts forecast that KB Financial Group will post 9.23 EPS for the current year.

Hedge Funds Weigh In On KB Financial Group

A number of large investors have recently made changes to their positions in the company. Trinity Street Asset Management LLP boosted its stake in shares of KB Financial Group by 3.1% during the fourth quarter. Trinity Street Asset Management LLP now owns 2,151,024 shares of the bank’s stock valued at $88,988,000 after purchasing an additional 65,402 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in KB Financial Group by 12.2% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 306,030 shares of the bank’s stock worth $12,660,000 after acquiring an additional 33,300 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in shares of KB Financial Group during the first quarter worth approximately $729,000. Acadian Asset Management LLC raised its stake in shares of KB Financial Group by 32.0% during the first quarter. Acadian Asset Management LLC now owns 257,611 shares of the bank’s stock valued at $13,409,000 after acquiring an additional 62,455 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of KB Financial Group during the fourth quarter valued at approximately $1,112,000. 11.52% of the stock is owned by hedge funds and other institutional investors.

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.