StockNews.com Downgrades KB Financial Group (NYSE:KB) to Hold

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

KB Financial Group Price Performance

KB Financial Group stock opened at $67.25 on Friday. The company has a market cap of $27.14 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 0.45 and a beta of 0.98. 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 firm has a 50 day moving average price of $62.75 and a 200 day moving average price of $58.52. KB Financial Group has a 1 year low of $36.57 and a 1 year high of $67.63.

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

Hedge Funds Weigh In On KB Financial Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hilltop National Bank acquired a new position in shares of KB Financial Group in the 2nd quarter worth approximately $34,000. GAMMA Investing LLC boosted its holdings in shares of KB Financial Group by 98.0% in the first quarter. GAMMA Investing LLC now owns 689 shares of the bank’s stock worth $36,000 after buying an additional 341 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in KB Financial Group by 66.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank’s stock worth $44,000 after purchasing an additional 310 shares in the last quarter. Tucker Asset Management LLC purchased a new position in KB Financial Group during the 4th quarter valued at about $68,000. Finally, CWM LLC boosted its stake in shares of KB Financial Group by 5.7% during the 3rd quarter. CWM LLC now owns 2,851 shares of the bank’s stock valued at $176,000 after buying an additional 155 shares during the period. 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.