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

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

KB Financial Group Trading Up 1.5 %

KB opened at $61.65 on Thursday. The stock’s fifty day moving average is $62.57 and its two-hundred day moving average is $58.14. The company has a market capitalization of $24.88 billion, a P/E ratio of 7.70, a PEG ratio of 0.44 and a beta of 0.98. KB Financial Group has a 52 week low of $36.57 and a 52 week high of $67.40. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.33.

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

Institutional Trading of KB Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky boosted its position in KB Financial Group by 12.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 306,030 shares of the bank’s stock valued at $12,660,000 after acquiring an additional 33,300 shares in the last quarter. Boston Partners boosted its position in KB Financial Group by 195.1% during the 1st quarter. Boston Partners now owns 100,447 shares of the bank’s stock valued at $5,233,000 after acquiring an additional 66,413 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in KB Financial Group during the 1st quarter valued at $729,000. Capital International Investors boosted its position in KB Financial Group by 8.2% during the 1st quarter. Capital International Investors now owns 254,968 shares of the bank’s stock valued at $13,276,000 after acquiring an additional 19,260 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of KB Financial Group by 32.0% in the 1st quarter. Acadian Asset Management LLC now owns 257,611 shares of the bank’s stock worth $13,409,000 after purchasing an additional 62,455 shares in the last quarter. 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.