StockNews.com Lowers KB Financial Group (NYSE:KB) to Hold

StockNews.com cut shares of KB Financial Group (NYSE:KB) from a buy rating to a hold rating in a research report report published on Thursday morning.

KB Financial Group Stock Performance

NYSE KB opened at $61.67 on Thursday. The company’s 50 day moving average is $62.57 and its 200-day moving average is $58.18. KB Financial Group has a 12-month low of $36.57 and a 12-month high of $67.40. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.33. The firm has a market cap of $24.88 billion, a P/E ratio of 7.70, a price-to-earnings-growth ratio of 0.44 and a beta of 0.98.

KB Financial Group (NYSE:KB) last posted its earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.36. The business had revenue of $3.18 billion for the quarter. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. Sell-side analysts predict that KB Financial Group will post 9.4 earnings per share for the current year.

Hedge Funds Weigh In On KB Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky grew its stake in KB Financial Group by 12.2% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 306,030 shares of the bank’s stock worth $12,660,000 after buying an additional 33,300 shares in the last quarter. Boston Partners boosted its stake in shares of KB Financial Group by 195.1% in the 1st quarter. Boston Partners now owns 100,447 shares of the bank’s stock valued at $5,233,000 after purchasing an additional 66,413 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of KB Financial Group in the 1st quarter valued at $729,000. Capital International Investors boosted its stake in shares of KB Financial Group by 8.2% in the 1st quarter. Capital International Investors now owns 254,968 shares of the bank’s stock valued at $13,276,000 after purchasing an additional 19,260 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of KB Financial Group by 32.0% in the 1st quarter. Acadian Asset Management LLC now owns 257,611 shares of the bank’s stock valued at $13,409,000 after purchasing an additional 62,455 shares in the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

About KB Financial Group

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.