KB Financial Group (NYSE:KB - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Tuesday.
Separately, Morgan Stanley raised KB Financial Group from an "equal weight" rating to an "overweight" rating in a research note on Thursday, December 12th.
View Our Latest Stock Report on KB Financial Group
KB Financial Group Trading Down 1.0 %
KB stock traded down $0.54 during midday trading on Tuesday, hitting $55.75. 254,838 shares of the company's stock were exchanged, compared to its average volume of 163,695. The stock's fifty day moving average price is $59.70 and its 200-day moving average price is $63.01. KB Financial Group has a one year low of $45.59 and a one year high of $72.89. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $21.94 billion, a PE ratio of 6.50, a price-to-earnings-growth ratio of 0.46 and a beta of 0.99.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Northern Trust Corp lifted its position in KB Financial Group by 310.0% during the 4th quarter. Northern Trust Corp now owns 912,529 shares of the bank's stock worth $51,923,000 after buying an additional 689,979 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of KB Financial Group by 23.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 779,499 shares of the bank's stock valued at $48,134,000 after acquiring an additional 145,861 shares during the last quarter. Raymond James Financial Inc. bought a new stake in KB Financial Group during the fourth quarter worth about $7,301,000. Public Employees Retirement System of Ohio acquired a new position in KB Financial Group during the third quarter valued at approximately $7,291,000. Finally, Mirabella Financial Services LLP bought a new position in KB Financial Group in the fourth quarter valued at approximately $5,000,000. 11.52% of the stock is currently owned by institutional investors.
About KB Financial Group
(
Get Free Report)
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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