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

KB Financial Group (NYSE:KB) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

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

KB Financial Group Trading Up 2.0 %

Shares of KB traded up $1.11 during trading hours on Wednesday, reaching $55.75. 101,174 shares of the company traded hands, compared to its average volume of 188,067. The firm has a market cap of $21.94 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 0.52 and a beta of 0.99. KB Financial Group has a 12-month low of $45.59 and a 12-month high of $72.89. The stock’s fifty day moving average price is $56.96 and its 200 day moving average price is $61.21. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29.

KB Financial Group (NYSE:KB) last issued its earnings results on Wednesday, March 5th. The bank reported $1.21 EPS for the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The business had revenue of $2.94 billion for the quarter. Sell-side analysts forecast that KB Financial Group will post 8.87 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KB. Wilmington Savings Fund Society FSB acquired a new position in shares of KB Financial Group during the third quarter valued at about $35,000. Tower Research Capital LLC TRC increased its position in shares of KB Financial Group by 659.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank’s stock valued at $137,000 after acquiring an additional 2,097 shares during the period. Hudson Edge Investment Partners Inc. raised its stake in KB Financial Group by 5.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock worth $198,000 after acquiring an additional 168 shares during the last quarter. Cetera Investment Advisers lifted its position in KB Financial Group by 7.4% during the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank’s stock worth $214,000 after acquiring an additional 258 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new stake in KB Financial Group during the 4th quarter worth about $222,000. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

KB Financial Group Company Profile

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.