KB Financial Group (NYSE:KB) Stock Rating Lowered by 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 report issued on Monday.

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

KB Financial Group Stock Up 2.5 %

NYSE:KB opened at $62.62 on Monday. KB Financial Group has a twelve month low of $45.59 and a twelve month high of $72.89. The firm has a market capitalization of $24.64 billion, a price-to-earnings ratio of 7.30, a price-to-earnings-growth ratio of 0.47 and a beta of 0.99. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The stock’s 50 day moving average price is $61.16 and its two-hundred day moving average price is $63.17.

Institutional Trading of KB Financial Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. grew its stake in KB Financial Group by 23.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 779,499 shares of the bank’s stock worth $48,134,000 after buying an additional 145,861 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of KB Financial Group during the 3rd quarter worth approximately $7,291,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of KB Financial Group during the 3rd quarter worth approximately $3,516,000. Teachers Retirement System of The State of Kentucky increased its stake in KB Financial Group by 15.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank’s stock valued at $26,332,000 after acquiring an additional 56,400 shares during the last quarter. Finally, Yousif Capital Management LLC raised its position in KB Financial Group by 576.3% during the fourth quarter. Yousif Capital Management LLC now owns 41,191 shares of the bank’s stock valued at $2,344,000 after purchasing an additional 35,100 shares in the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

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.