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

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

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

KB Financial Group Stock Up 5.0 %

NYSE:KB opened at $53.47 on Thursday. The stock has a 50-day simple moving average of $54.90 and a 200 day simple moving average of $60.52. KB Financial Group has a 52-week low of $45.59 and a 52-week high of $72.89. The company has a market cap of $21.04 billion, a PE ratio of 6.23, a PEG ratio of 0.52 and a beta of 0.92. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KB. Northern Trust Corp raised its position in shares of KB Financial Group by 310.0% in the fourth quarter. Northern Trust Corp now owns 912,529 shares of the bank’s stock valued at $51,923,000 after purchasing an additional 689,979 shares during the period. Raymond James Financial Inc. acquired a new position in shares of KB Financial Group in the fourth quarter valued at approximately $7,301,000. Public Employees Retirement System of Ohio acquired a new stake in KB Financial Group during the 3rd quarter worth approximately $7,291,000. Silvercrest Asset Management Group LLC bought a new stake in KB Financial Group in the 4th quarter valued at $5,489,000. Finally, Mirabella Financial Services LLP bought a new stake in KB Financial Group in the 4th quarter valued at $5,000,000. 11.52% of the stock is 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.