KB Financial Group (NYSE:KB) Downgraded to “Hold” Rating by StockNews.com

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

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

KB Financial Group Stock Down 0.5 %

Shares of NYSE:KB opened at $55.59 on Friday. The firm has a 50 day simple moving average of $58.02 and a 200-day simple moving average of $61.57. KB Financial Group has a twelve month low of $45.59 and a twelve month high of $72.89. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. The company has a market capitalization of $21.88 billion, a PE ratio of 6.48, a P/E/G ratio of 0.52 and a beta of 0.99.

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

Hedge Funds Weigh In On KB Financial Group

Institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its position in KB Financial Group by 4.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,213 shares of the bank’s stock valued at $1,378,000 after acquiring an additional 1,050 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of KB Financial Group by 2.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 121,523 shares of the bank’s stock valued at $6,915,000 after purchasing an additional 3,452 shares during the period. Vise Technologies Inc. raised its stake in shares of KB Financial Group by 253.1% during the fourth quarter. Vise Technologies Inc. now owns 21,208 shares of the bank’s stock worth $1,207,000 after purchasing an additional 15,202 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in shares of KB Financial Group during the fourth quarter worth $5,489,000. Finally, Quantinno Capital Management LP grew its position in KB Financial Group by 12.9% in the 4th quarter. Quantinno Capital Management LP now owns 23,367 shares of the bank’s stock valued at $1,330,000 after buying an additional 2,670 shares during the last quarter. 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.