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

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

Separately, Morgan Stanley upgraded 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 Financial Group stock opened at $53.57 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. The firm has a market capitalization of $21.08 billion, a PE ratio of 6.24, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. The business’s 50-day moving average price is $58.41 and its 200-day moving average price is $62.04. KB Financial Group has a 12 month low of $45.59 and a 12 month high of $72.89.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Wednesday, March 5th. The bank reported $1.21 EPS for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The firm had revenue of $2.94 billion for the quarter. Sell-side analysts forecast that KB Financial Group will post 8.87 EPS for the current fiscal year.

Hedge Funds Weigh In On KB Financial Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hudson Edge Investment Partners Inc. grew its position in shares of KB Financial Group by 5.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock worth $198,000 after buying an additional 168 shares during the last quarter. Seeds Investor LLC increased its stake in shares of KB Financial Group by 2.9% during the fourth quarter. Seeds Investor LLC now owns 6,923 shares of the bank’s stock valued at $394,000 after buying an additional 195 shares during the period. Candriam S.C.A. increased its stake in shares of KB Financial Group by 1.9% during the fourth quarter. Candriam S.C.A. now owns 10,679 shares of the bank’s stock valued at $608,000 after buying an additional 200 shares during the period. Cetera Investment Advisers increased its stake in shares of KB Financial Group by 7.4% during the fourth 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, Centiva Capital LP increased its stake in shares of KB Financial Group by 6.0% during the third quarter. Centiva Capital LP now owns 5,034 shares of the bank’s stock valued at $311,000 after buying an additional 283 shares during the period. 11.52% of the stock is currently owned by institutional investors.

KB Financial Group Company Profile

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.