KB Financial Group (NYSE:KB) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of KB Financial Group (NYSE:KB) from a hold rating to a buy rating in a research note released on Thursday.

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

KB Financial Group Trading Up 0.5 %

Shares of NYSE:KB opened at $54.03 on Thursday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. KB Financial Group has a 52-week low of $45.59 and a 52-week high of $72.89. The stock has a market cap of $21.26 billion, a price-to-earnings ratio of 6.30, a PEG ratio of 0.52 and a beta of 0.99. The business has a 50-day moving average price of $58.36 and a 200-day moving average price of $61.98.

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

Hedge Funds Weigh In On KB Financial Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of KB Financial Group in the third quarter valued at approximately $35,000. Venturi Wealth Management LLC increased its position in KB Financial Group by 2,427.9% during the third quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock worth $67,000 after purchasing an additional 1,044 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in KB Financial Group by 659.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank’s stock worth $137,000 after purchasing an additional 2,097 shares during the period. Hudson Edge Investment Partners Inc. raised its stake in KB Financial Group by 5.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock worth $198,000 after purchasing an additional 168 shares during the period. Finally, Drive Wealth Management LLC acquired a new position in KB Financial Group in the 3rd quarter valued at about $219,000. 11.52% of the stock is owned by hedge funds and other institutional investors.

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.