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

KB Financial Group (NYSE:KB) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

KB Financial Group Stock Performance

Shares of NYSE KB traded down $0.81 during midday trading on Thursday, reaching $60.73. 142,420 shares of the stock were exchanged, compared to its average volume of 203,105. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.33. The firm has a market cap of $24.51 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 0.44 and a beta of 0.99. The firm has a 50-day simple moving average of $62.63 and a two-hundred day simple moving average of $58.10. KB Financial Group has a twelve month low of $36.57 and a twelve month high of $67.40.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.36. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. The firm had revenue of $3.18 billion for the quarter. As a group, analysts anticipate that KB Financial Group will post 9.4 EPS for the current fiscal year.

Institutional Trading of KB Financial Group

Several institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new position in KB Financial Group during the second quarter valued at $501,000. Creative Planning raised its position in shares of KB Financial Group by 18.4% during the 2nd quarter. Creative Planning now owns 78,636 shares of the bank’s stock worth $4,452,000 after purchasing an additional 12,231 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in KB Financial Group by 3.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,496 shares of the bank’s stock valued at $368,000 after buying an additional 192 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new stake in KB Financial Group in the 2nd quarter worth about $1,084,000. Finally, Profund Advisors LLC boosted its holdings in KB Financial Group by 4.4% in the 2nd quarter. Profund Advisors LLC now owns 7,410 shares of the bank’s stock worth $419,000 after buying an additional 309 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.