StockNews.com upgraded shares of KB Financial Group (NYSE:KB - Free Report) from a hold rating to a buy rating in a research report released on Friday.
KB Financial Group Stock Up 2.1 %
KB traded up $1.21 during trading on Friday, hitting $59.75. 9,476 shares of the company's stock were exchanged, compared to its average volume of 189,877. The stock has a market cap of $23.51 billion, a P/E ratio of 6.96, a PEG ratio of 0.52 and a beta of 0.92. The business's 50 day moving average is $54.59 and its two-hundred day moving average is $60.23. KB Financial Group has a fifty-two week low of $46.38 and a fifty-two week high of $72.89. 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 (NYSE:KB - Get Free Report) last posted its 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 for the quarter. As a group, equities analysts expect that KB Financial Group will post 8.87 earnings per share for the current fiscal year.
Institutional Investors Weigh In On KB Financial Group
A number of institutional investors and hedge funds have recently made changes to their positions in KB. Wilmington Savings Fund Society FSB acquired a new stake in shares of KB Financial Group in the 3rd quarter worth about $35,000. Bruce G. Allen Investments LLC increased its stake in KB Financial Group by 141.8% in the 1st quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank's stock valued at $50,000 after buying an additional 543 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in KB Financial Group by 659.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock valued at $137,000 after buying an additional 2,097 shares during the last quarter. Hudson Edge Investment Partners Inc. increased its stake in KB Financial Group by 5.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock valued at $198,000 after buying an additional 168 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in KB Financial Group by 7.4% in the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock valued at $214,000 after buying an additional 258 shares during the last quarter. Institutional investors and hedge funds own 11.52% of the company's stock.
About KB Financial Group
(
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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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