KB Financial Group (NYSE:KB) Upgraded by StockNews.com to Buy Rating

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

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

KB Financial Group Price Performance

KB Financial Group stock opened at $58.94 on Tuesday. The company’s 50 day simple moving average is $60.38 and its 200-day simple moving average is $63.16. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. KB Financial Group has a 1 year low of $45.59 and a 1 year high of $72.89. The company has a market capitalization of $23.19 billion, a price-to-earnings ratio of 6.87, a price-to-earnings-growth ratio of 0.46 and a beta of 0.99.

Hedge Funds Weigh In On KB Financial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BOCHK Asset Management Ltd acquired a new stake in shares of KB Financial Group in the third quarter valued at $25,000. Wilmington Savings Fund Society FSB acquired a new stake in KB Financial Group in the 3rd quarter valued at about $35,000. Venturi Wealth Management LLC boosted its stake in shares of KB Financial Group by 2,427.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock valued at $67,000 after buying an additional 1,044 shares during the period. GAMMA Investing LLC grew its position in shares of KB Financial Group by 36.9% during the third quarter. GAMMA Investing LLC now owns 1,279 shares of the bank’s stock worth $79,000 after buying an additional 345 shares in the last quarter. Finally, CWM LLC increased its stake in shares of KB Financial Group by 5.7% during the third quarter. CWM LLC now owns 2,851 shares of the bank’s stock worth $176,000 after buying an additional 155 shares during the period. Hedge funds and other institutional investors 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.