KB Financial Group (NYSE:KB) Stock Rating Upgraded by Zacks Research

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

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, KB Financial Group has an average rating of “Moderate Buy”.

KB Financial Group Stock Down 0.3%

KB opened at $94.20 on Monday. The firm has a market capitalization of $35.93 billion, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 0.71 and a beta of 1.11. KB Financial Group has a one year low of $46.38 and a one year high of $100.19. The company has a fifty day moving average price of $88.39 and a 200-day moving average price of $84.33. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.65 and a quick ratio of 1.65.

Hedge Funds Weigh In On KB Financial Group

Institutional investors have recently modified their holdings of the company. First Horizon Advisors Inc. bought a new stake in KB Financial Group in the 2nd quarter worth approximately $25,000. Parkside Financial Bank & Trust raised its stake in shares of KB Financial Group by 585.7% during the second quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock worth $28,000 after acquiring an additional 287 shares in the last quarter. First Horizon Corp bought a new stake in shares of KB Financial Group in the 3rd quarter worth approximately $30,000. Jones Financial Companies Lllp boosted its stake in shares of KB Financial Group by 187.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 500 shares of the bank’s stock valued at $40,000 after purchasing an additional 326 shares in the last quarter. Finally, Triumph Capital Management purchased a new stake in shares of KB Financial Group in the 3rd quarter valued at $46,000. 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.