KB Financial Group (NYSE:KB) Stock Rating Lowered by Zacks Research
by Tristan Rich · The Markets DailyKB Financial Group (NYSE:KB – Get Free Report) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.
KB has been the topic of several other research reports. The Goldman Sachs Group reiterated a “buy” rating on shares of KB Financial Group in a research note on Wednesday, July 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.
View Our Latest Stock Analysis on KB Financial Group
KB Financial Group Trading Down 3.0%
Shares of KB opened at $125.40 on Tuesday. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.64 and a quick ratio of 1.64. KB Financial Group has a 1 year low of $77.44 and a 1 year high of $133.29. The company has a 50 day simple moving average of $122.37 and a two-hundred day simple moving average of $111.67. The firm has a market cap of $44.48 billion, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 0.77 and a beta of 1.02.
KB Financial Group (NYSE:KB – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The bank reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.16. KB Financial Group had a net margin of 17.67% and a return on equity of 10.11%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.45 billion. On average, equities analysts expect that KB Financial Group will post 12.91 earnings per share for the current fiscal year.
Institutional Trading of KB Financial Group
Hedge funds have recently made changes to their positions in the business. QRG Capital Management Inc. lifted its holdings in shares of KB Financial Group by 15.8% in the 2nd quarter. QRG Capital Management Inc. now owns 10,794 shares of the bank’s stock valued at $1,133,000 after acquiring an additional 1,473 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in KB Financial Group by 9.0% during the second quarter. Sequoia Financial Advisors LLC now owns 27,209 shares of the bank’s stock worth $2,856,000 after acquiring an additional 2,236 shares during the last quarter. WINTON GROUP Ltd bought a new stake in KB Financial Group during the second quarter worth approximately $535,000. Engineers Gate Manager LP purchased a new stake in KB Financial Group during the second quarter valued at approximately $805,000. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of KB Financial Group by 15.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 6,407 shares of the bank’s stock valued at $672,000 after purchasing an additional 851 shares during the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.
About KB Financial Group
KB Financial Group Inc is a South Korean financial holding company headquartered in Seoul. Established in 2008, the group operates through a network of subsidiaries that provide banking, securities, insurance, asset management, credit card, consumer finance and other financial services to individuals, businesses and institutional clients.
Its principal subsidiary, KB Kookmin Bank, offers deposit accounts, lending, wealth management, foreign exchange, payments and corporate banking services.