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

KB Financial Group (NYSE:KB) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued 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.

KB Financial Group Stock Performance

NYSE:KB opened at $55.59 on Friday. KB Financial Group has a fifty-two week low of $45.59 and a fifty-two week high of $72.89. The stock has a market capitalization of $21.88 billion, a PE ratio of 6.48, a P/E/G ratio of 0.52 and a beta of 0.99. The company has a fifty day moving average of $58.02 and a two-hundred day moving average of $61.56. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66.

KB Financial Group (NYSE:KB) 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 business had revenue of $2.94 billion during the quarter. As a group, research analysts forecast 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 hedge funds have recently modified their holdings of the company. Northern Trust Corp boosted its stake in KB Financial Group by 310.0% during the fourth 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 during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of KB Financial Group by 4.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank’s stock worth $46,424,000 after purchasing an additional 36,394 shares in the last quarter. American Century Companies Inc. raised its holdings in KB Financial Group by 4.9% in the fourth quarter. American Century Companies Inc. now owns 613,203 shares of the bank’s stock valued at $34,891,000 after acquiring an additional 28,627 shares in the last quarter. Capital International Investors raised its holdings in KB Financial Group by 7.2% in the fourth quarter. Capital International Investors now owns 512,752 shares of the bank’s stock valued at $29,194,000 after acquiring an additional 34,585 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in KB Financial Group by 4.9% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 447,400 shares of the bank’s stock valued at $25,457,000 after acquiring an additional 20,970 shares in the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

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.