TheStreet lowered shares of KB Financial Group (NYSE:KB) from a b- rating to a c rating in a research note released on Monday morning.

Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of KB Financial Group from a buy rating to a hold rating in a report on Friday, August 11th. Zacks Investment Research lowered shares of KB Financial Group from a strong-buy rating to a hold rating in a report on Wednesday, September 6th. Finally, J P Morgan Chase & Co initiated coverage on shares of KB Financial Group in a report on Wednesday, August 9th. They set an overweight rating on the stock. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $60.00.

Shares of KB Financial Group (KB) opened at $54.57 on Monday. KB Financial Group has a one year low of $34.75 and a one year high of $54.57. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.14. The firm has a market cap of $23,030.00, a P/E ratio of 8.14, a PEG ratio of 0.40 and a beta of 1.17.

Institutional investors and hedge funds have recently made changes to their positions in the company. Hermes Investment Management Ltd. purchased a new position in shares of KB Financial Group in the 3rd quarter valued at $8,757,000. Arrowstreet Capital Limited Partnership grew its position in KB Financial Group by 49.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 357,279 shares of the bank’s stock worth $18,039,000 after purchasing an additional 118,515 shares during the last quarter. Russell Investments Group Ltd. grew its position in KB Financial Group by 122.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 126,239 shares of the bank’s stock worth $6,190,000 after purchasing an additional 69,500 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in KB Financial Group during the 3rd quarter worth $2,973,000. Finally, Northern Trust Corp grew its position in KB Financial Group by 3.9% during the 2nd quarter. Northern Trust Corp now owns 1,168,613 shares of the bank’s stock worth $59,004,000 after purchasing an additional 43,788 shares during the last quarter. Institutional investors and hedge funds own 5.70% of the company’s stock.

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KB Financial Group Company Profile

KB Financial Group Inc is a financial holding company in Korea. The Company’s operations include Kookmin Bank, a commercial bank in Korea. The Company operates through six business segments: retail banking operations, corporate banking operations, other banking operations, credit card operations, investment and securities operations, and life insurance operations.

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