KB Financial Group Inc (NYSE:KB) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday, June 22nd.
Separately, Morgan Stanley upgraded shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, February 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $42.00.
Shares of KB Financial Group (KB) opened at 50.63 on Thursday. The firm has a 50-day moving average of $49.19 and a 200 day moving average of $44.38. The stock has a market capitalization of $20.08 billion, a PE ratio of 9.15 and a beta of 1.19. KB Financial Group has a 1-year low of $29.66 and a 1-year high of $50.94.
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Large investors have recently added to or reduced their stakes in the stock. Karp Capital Management Corp purchased a new stake in KB Financial Group during the first quarter worth about $17,941,000. Renaissance Group LLC purchased a new stake in KB Financial Group during the first quarter worth about $12,920,000. Wells Fargo & Company MN raised its stake in KB Financial Group by 161.1% in the first quarter. Wells Fargo & Company MN now owns 330,633 shares of the bank’s stock worth $14,537,000 after buying an additional 203,991 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in KB Financial Group during the fourth quarter worth about $6,984,000. Finally, Russell Investments Group Ltd. purchased a new stake in KB Financial Group during the fourth quarter worth about $5,647,000. Institutional investors and hedge funds own 6.26% of the company’s stock.
About KB Financial Group
KB Financial Group Inc is a financial holding company in Korea. The Company’s operations include Kookmin Bank, a commercial bank in Korea. The Company operates through six business segments: retail banking operations, corporate banking operations, other banking operations, credit card operations, investment and securities operations, and life insurance operations.
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