KB Financial Group (NYSE:KB) Rating Lowered to “Strong Sell” at Zacks Research

KB Financial Group (NYSE:KB) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a research report on Monday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, KB Financial Group currently has an average rating of “Hold”.

KB Financial Group Stock Up 0.6%

Shares of KB Financial Group stock opened at $85.29 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.38. KB Financial Group has a 12-month low of $46.38 and a 12-month high of $92.39. The company has a market cap of $32.53 billion, a P/E ratio of 8.05, a PEG ratio of 0.68 and a beta of 1.11. The company’s fifty day simple moving average is $84.34 and its two-hundred day simple moving average is $82.48.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Signaturefd LLC lifted its position in KB Financial Group by 0.5% during the 3rd quarter. Signaturefd LLC now owns 25,927 shares of the bank’s stock valued at $2,150,000 after acquiring an additional 133 shares during the period. Ascent Group LLC lifted its holdings in shares of KB Financial Group by 4.3% during the third quarter. Ascent Group LLC now owns 3,401 shares of the bank’s stock valued at $282,000 after purchasing an additional 140 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its position in shares of KB Financial Group by 0.3% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 56,094 shares of the bank’s stock worth $4,651,000 after purchasing an additional 149 shares in the last quarter. Huntington National Bank boosted its position in shares of KB Financial Group by 16.4% in the 3rd quarter. Huntington National Bank now owns 1,138 shares of the bank’s stock worth $94,000 after purchasing an additional 160 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC grew its stake in shares of KB Financial Group by 6.1% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 3,077 shares of the bank’s stock worth $258,000 after buying an additional 178 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors.

About KB Financial Group

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.