KB Financial Group (NYSE:KB) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of KB Financial Group (NYSE:KB) from a buy rating to a hold rating in a research report released on Friday.

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

KB Financial Group Stock Down 0.5 %

KB opened at $55.59 on Friday. 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. The stock has a market capitalization of $21.88 billion, a P/E ratio of 6.48, a P/E/G ratio of 0.52 and a beta of 0.99. The business has a 50 day simple moving average of $58.02 and a 200-day simple moving average of $61.57.

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

Hedge Funds Weigh In On KB Financial Group

Several hedge funds and other institutional investors have recently bought and sold shares of KB. Northern Trust Corp grew its position in shares of KB Financial Group by 310.0% in the fourth 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 last quarter. Raymond James Financial Inc. acquired a new stake in KB Financial Group during the 4th quarter valued at $7,301,000. Public Employees Retirement System of Ohio purchased 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 shares of KB Financial Group in the fourth quarter worth $5,489,000. Finally, Mirabella Financial Services LLP purchased a new stake in shares of KB Financial Group in the fourth quarter valued at $5,000,000. 11.52% of the stock is 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.