KB Financial Group (NYSE:KB) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of KB Financial Group (NYSE:KB) from a hold rating to a buy rating in a research note published on Tuesday morning.

KB Financial Group Stock Performance

Shares of NYSE KB opened at $68.82 on Tuesday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market cap of $27.77 billion, a P/E ratio of 8.59, a P/E/G ratio of 0.47 and a beta of 0.98. KB Financial Group has a 52-week low of $36.57 and a 52-week high of $72.89. The firm’s fifty day moving average is $64.40 and its two-hundred day moving average is $59.95.

KB Financial Group (NYSE:KB) last released its quarterly earnings results on Wednesday, August 14th. The bank reported $3.06 EPS for the quarter, topping the consensus estimate of $2.70 by $0.36. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. The company had revenue of $3.18 billion during the quarter. As a group, analysts anticipate that KB Financial Group will post 9.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE raised its position in KB Financial Group by 11.8% during the 3rd quarter. US Bancorp DE now owns 23,092 shares of the bank’s stock valued at $1,426,000 after purchasing an additional 2,437 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of KB Financial Group by 412.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 23,163 shares of the bank’s stock valued at $1,430,000 after buying an additional 18,645 shares in the last quarter. Ballentine Partners LLC increased its position in shares of KB Financial Group by 1.4% during the third quarter. Ballentine Partners LLC now owns 22,627 shares of the bank’s stock worth $1,397,000 after purchasing an additional 305 shares in the last quarter. BOCHK Asset Management Ltd purchased a new stake in KB Financial Group in the third quarter valued at about $25,000. Finally, Blue Trust Inc. increased its stake in KB Financial Group by 252.2% during the 3rd quarter. Blue Trust Inc. now owns 28,243 shares of the bank’s stock valued at $1,599,000 after purchasing an additional 20,225 shares in the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

About KB Financial Group

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.