StockNews.com Lowers KB Financial Group (NYSE:KB) to Hold

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

KB Financial Group Price Performance

NYSE:KB opened at $67.27 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.33. The firm has a market cap of $26.47 billion, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 0.45 and a beta of 0.98. The company’s 50-day moving average is $62.61 and its two-hundred day moving average is $58.40. KB Financial Group has a 12-month low of $36.57 and a 12-month high of $67.63.

KB Financial Group (NYSE:KB) last issued its quarterly earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.36. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. The company had revenue of $3.18 billion during the quarter. Research analysts expect that KB Financial Group will post 9.4 EPS for the current year.

Institutional Trading of KB Financial Group

A number of hedge funds have recently added to or reduced their stakes in KB. CWM LLC increased its holdings in KB Financial Group by 5.7% during the 3rd quarter. CWM LLC now owns 2,851 shares of the bank’s stock worth $176,000 after purchasing an additional 155 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in KB Financial Group by 3.0% during the second 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. Adero Partners LLC boosted its stake in KB Financial Group by 4.2% in the 2nd quarter. Adero Partners LLC now owns 4,802 shares of the bank’s stock worth $272,000 after purchasing an additional 193 shares during the period. Thornburg Investment Management Inc. boosted its position in shares of KB Financial Group by 1.7% in the second quarter. Thornburg Investment Management Inc. now owns 14,239 shares of the bank’s stock worth $848,000 after buying an additional 242 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of KB Financial Group by 35.6% in the 2nd quarter. GAMMA Investing LLC now owns 934 shares of the bank’s stock valued at $53,000 after buying an additional 245 shares in the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

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.