KB Financial Group (NYSE:KB) Cut to Hold at 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 Saturday morning.

KB Financial Group Price Performance

Shares of KB opened at $69.99 on Friday. The firm has a market capitalization of $28.24 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth 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. KB Financial Group has a one year low of $36.57 and a one year high of $70.70. The stock’s fifty day moving average is $63.00 and its 200-day moving average is $58.70.

KB Financial Group (NYSE:KB) last announced 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. The firm had revenue of $3.18 billion during the quarter. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. Equities analysts anticipate that KB Financial Group will post 9.4 EPS for the current year.

Hedge Funds Weigh In On KB Financial Group

Institutional investors have recently bought and sold shares of the business. American Century Companies Inc. raised its position in shares of KB Financial Group by 7.1% during the second quarter. American Century Companies Inc. now owns 511,542 shares of the bank’s stock worth $28,958,000 after acquiring an additional 33,900 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of KB Financial Group by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 370,030 shares of the bank’s stock worth $19,267,000 after purchasing an additional 64,000 shares during the period. Acadian Asset Management LLC grew its stake in KB Financial Group by 3.9% in the second quarter. Acadian Asset Management LLC now owns 267,625 shares of the bank’s stock valued at $15,146,000 after acquiring an additional 10,014 shares during the period. Capital International Investors raised its position in shares of KB Financial Group by 8.2% during the first quarter. Capital International Investors now owns 254,968 shares of the bank’s stock worth $13,276,000 after purchasing an additional 19,260 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of KB Financial Group by 4.9% during the second quarter. Envestnet Asset Management Inc. now owns 165,691 shares of the bank’s stock worth $9,380,000 after purchasing an additional 7,809 shares during the period. 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.