KB Financial Group (NYSE:KB) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of KB Financial Group (NYSE:KB - Free Report) from a buy rating to a hold rating in a research report released on Wednesday.

Separately, Morgan Stanley raised KB Financial Group from an "equal weight" rating to an "overweight" rating in a report on Thursday, December 12th.

KB Financial Group Stock Performance

Shares of NYSE:KB traded down $0.04 during mid-day trading on Wednesday, reaching $54.33. 201,401 shares of the company traded hands, compared to its average volume of 163,416. The company's 50 day moving average price is $58.63 and its 200-day moving average price is $62.29. The firm has a market cap of $21.38 billion, a PE ratio of 6.33, a PEG ratio of 0.52 and a beta of 0.99. 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 52 week low of $45.59 and a 52 week high of $72.89.

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

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Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in KB Financial Group in the 4th quarter worth approximately $856,000. FMR LLC raised its holdings in shares of KB Financial Group by 121.6% during the 3rd quarter. FMR LLC now owns 33,642 shares of the bank's stock worth $2,077,000 after acquiring an additional 18,459 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of KB Financial Group by 69.6% during 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 in 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 raised its holdings 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 worth $1,320,000 after acquiring an additional 308 shares in the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

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.