KB Financial Group (NYSE:KB) Upgraded to “Overweight” at Morgan Stanley

Morgan Stanley upgraded shares of KB Financial Group (NYSE:KB) from an equal weight rating to an overweight rating in a research report released on Thursday morning, MarketBeat reports.

Separately, StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th.

KB Financial Group Trading Up 1.0 %

NYSE:KB opened at $60.84 on Thursday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. KB Financial Group has a fifty-two week low of $36.57 and a fifty-two week high of $72.89. The stock’s 50-day moving average is $66.38 and its two-hundred day moving average is $62.66. The stock has a market cap of $23.94 billion, a PE ratio of 7.09, a price-to-earnings-growth ratio of 0.53 and a beta of 0.96.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. CWM LLC raised its stake in KB Financial Group by 5.7% during the third quarter. CWM LLC now owns 2,851 shares of the bank’s stock worth $176,000 after acquiring an additional 155 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of KB Financial Group by 3.0% during the second quarter. EverSource Wealth Advisors LLC now owns 6,496 shares of the bank’s stock worth $368,000 after purchasing an additional 192 shares during the last quarter. Adero Partners LLC grew its holdings in shares of KB Financial Group by 4.2% during the second quarter. Adero Partners LLC now owns 4,802 shares of the bank’s stock worth $272,000 after purchasing an additional 193 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of KB Financial Group by 1.6% during the third quarter. Bleakley Financial Group LLC now owns 13,248 shares of the bank’s stock worth $818,000 after purchasing an additional 208 shares during the last quarter. Finally, Thornburg Investment Management Inc. grew its holdings in shares of KB Financial Group by 1.7% during the second quarter. Thornburg Investment Management Inc. now owns 14,239 shares of the bank’s stock worth $848,000 after purchasing an additional 242 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

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.