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

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

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

KB Financial Group Price Performance

Shares of KB stock opened at $55.84 on Friday. The firm has a market cap of $21.97 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 0.52 and a beta of 0.99. KB Financial Group has a 12 month low of $45.59 and a 12 month high of $72.89. 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 has a 50-day moving average price of $58.09 and a 200 day moving average price of $61.64.

KB Financial Group (NYSE:KB) last issued its quarterly earnings results on Wednesday, March 5th. The bank reported $1.21 EPS for the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The company had revenue of $2.94 billion during the quarter. Research analysts expect that KB Financial Group will post 8.87 EPS for the current year.

Hedge Funds Weigh In On KB Financial Group

Institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new position in KB Financial Group during the 3rd quarter worth approximately $35,000. Tower Research Capital LLC TRC raised its holdings in KB Financial Group by 659.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank’s stock worth $137,000 after purchasing an additional 2,097 shares during the period. Hudson Edge Investment Partners Inc. boosted its position in shares of KB Financial Group by 5.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock worth $198,000 after purchasing an additional 168 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of KB Financial Group by 7.4% in the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank’s stock valued at $214,000 after buying an additional 258 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new position in shares of KB Financial Group in the 4th quarter valued at $222,000. 11.52% of the stock is currently 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.