KB Financial Group (NYSE:KB) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of KB Financial Group (NYSE:KB) from a buy rating to a hold rating in a research note released on Monday morning.

Separately, Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th.

KB Financial Group Trading Down 3.8 %

NYSE KB opened at $60.29 on Monday. The company’s fifty day moving average price is $61.03 and its two-hundred day moving average price is $63.19. The company has a market capitalization of $23.73 billion, a price-to-earnings ratio of 7.03, a price-to-earnings-growth ratio of 0.47 and a beta of 0.99. KB Financial Group has a 12 month low of $45.59 and a 12 month high of $72.89. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66.

Hedge Funds Weigh In On KB Financial Group

Hedge funds have recently added to or reduced their stakes in the business. BOCHK Asset Management Ltd acquired a new stake in shares of KB Financial Group during the third quarter worth $25,000. Wilmington Savings Fund Society FSB bought a new stake in shares of KB Financial Group during the 3rd quarter valued at about $35,000. Venturi Wealth Management LLC raised its stake in KB Financial Group by 2,427.9% during the third quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock worth $67,000 after acquiring an additional 1,044 shares during the period. GAMMA Investing LLC lifted its holdings in KB Financial Group by 36.9% in the third quarter. GAMMA Investing LLC now owns 1,279 shares of the bank’s stock worth $79,000 after acquiring an additional 345 shares during the last quarter. Finally, CWM LLC boosted its stake in KB Financial Group by 5.7% in the third quarter. CWM LLC now owns 2,851 shares of the bank’s stock valued at $176,000 after acquiring an additional 155 shares during the period. Institutional investors and hedge funds 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.