Morgan Stanley Upgrades KB Financial Group (NYSE:KB) to Overweight

KB Financial Group (NYSE:KB) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports.

Separately, StockNews.com raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th.

KB Financial Group Price Performance

KB stock opened at $59.43 on Thursday. KB Financial Group has a one year low of $36.57 and a one year high of $72.89. The stock has a market cap of $23.39 billion, a PE ratio of 6.92, a P/E/G ratio of 0.53 and a beta of 0.96. The firm has a 50 day simple moving average of $66.38 and a two-hundred day simple moving average of $62.66. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66.

Institutional Investors Weigh In On KB Financial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KB. Wealth Enhancement Advisory Services LLC bought a new stake in KB Financial Group during the 2nd quarter valued at $256,000. Blue Trust Inc. raised its holdings in KB Financial Group by 452.2% during the 2nd quarter. Blue Trust Inc. now owns 8,018 shares of the bank’s stock valued at $417,000 after buying an additional 6,566 shares during the last quarter. Aaron Wealth Advisors LLC bought a new stake in KB Financial Group during the 2nd quarter valued at $222,000. Calamos Wealth Management LLC raised its holdings in KB Financial Group by 69.6% in the 2nd quarter. Calamos Wealth Management LLC now owns 32,825 shares of the bank’s stock worth $1,858,000 after purchasing an additional 13,471 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in KB Financial Group by 13.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,714 shares of the bank’s stock worth $720,000 after purchasing an additional 1,541 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors.

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.