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

by · The Cerbat Gem

KB Financial Group (NYSE:KB – Get Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

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

Read Our Latest Stock Report on KB

KB Financial Group Price Performance

Shares of NYSE KB traded up $1.11 during trading on Wednesday, hitting $55.75. The company had a trading volume of 101,174 shares, compared to its average volume of 188,067. The firm has a market capitalization of $21.94 billion, a price-to-earnings ratio of 6.50, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. The stock has a fifty day simple moving average of $56.96 and a two-hundred day simple moving average of $61.21. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. KB Financial Group has a fifty-two week low of $45.59 and a fifty-two week high of $72.89.

KB Financial Group (NYSE:KB – Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The bank reported $1.21 earnings per share (EPS) for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The company had revenue of $2.94 billion for the quarter. On average, research analysts expect that KB Financial Group will post 8.87 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp lifted its position in KB Financial Group by 310.0% in the fourth quarter. Northern Trust Corp now owns 912,529 shares of the bank’s stock valued at $51,923,000 after buying an additional 689,979 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of KB Financial Group by 4.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank’s stock valued at $46,424,000 after purchasing an additional 36,394 shares in the last quarter. American Century Companies Inc. grew its stake in shares of KB Financial Group by 4.9% during the fourth quarter. American Century Companies Inc. now owns 613,203 shares of the bank’s stock worth $34,891,000 after purchasing an additional 28,627 shares in the last quarter. Capital International Investors lifted its stake in KB Financial Group by 7.2% during the fourth quarter. Capital International Investors now owns 512,752 shares of the bank’s stock worth $29,194,000 after purchasing an additional 34,585 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in KB Financial Group by 4.9% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 447,400 shares of the bank’s stock worth $25,457,000 after purchasing an additional 20,970 shares in the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

About KB Financial Group

(Get Free Report)

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.

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