StockNews.com downgraded shares of KB Financial Group (NYSE:KB - Free Report) from a buy rating to a hold rating in a report released on Friday.
Separately, Morgan Stanley raised shares of KB Financial Group from an "equal weight" rating to an "overweight" rating in a report on Thursday, December 12th.
Get Our Latest Analysis on KB Financial Group
KB Financial Group Stock Performance
NYSE KB traded up $0.91 on Friday, hitting $56.59. 313,173 shares of the company traded hands, compared to its average volume of 186,163. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. The business's 50 day moving average price is $58.02 and its 200-day moving average price is $61.55. The company has a market capitalization of $22.27 billion, a price-to-earnings ratio of 6.59, a P/E/G ratio of 0.52 and a beta of 0.99. KB Financial Group has a 52-week low of $45.59 and a 52-week high of $72.89.
KB Financial Group (NYSE:KB - Get Free Report) last released its earnings results on Wednesday, March 5th. The bank reported $1.21 earnings per share (EPS) 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. Equities analysts expect that KB Financial Group will post 8.87 earnings per share for the current year.
Hedge Funds Weigh In On KB Financial Group
Several hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in KB Financial Group in the 4th quarter valued at $856,000. FMR LLC grew its holdings in KB Financial Group by 121.6% during the 3rd quarter. FMR LLC now owns 33,642 shares of the bank's stock valued at $2,077,000 after buying an additional 18,459 shares in the last quarter. Cerity Partners LLC increased its stake in KB Financial Group by 69.6% in the 3rd quarter. Cerity Partners LLC now owns 34,134 shares of the bank's stock worth $2,108,000 after acquiring an additional 14,008 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of KB Financial Group by 30.5% during the 4th quarter. Blue Trust Inc. now owns 36,868 shares of the bank's stock worth $2,277,000 after acquiring an additional 8,625 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of KB Financial Group by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 21,371 shares of the bank's stock valued at $1,320,000 after acquiring an additional 308 shares during the last quarter. Hedge funds and other institutional investors own 11.52% of the company's stock.
KB Financial Group Company Profile
(
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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.
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