KB Financial Group (NYSE:KB) Upgraded at StockNews.com

StockNews.com upgraded shares of KB Financial Group (NYSE:KB) from a hold rating to a buy rating in a report published on Thursday.

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

KB Financial Group Price Performance

Shares of NYSE:KB opened at $54.99 on Thursday. KB Financial Group has a one year low of $45.59 and a one year high of $72.89. The stock has a market capitalization of $21.64 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 0.52 and a beta of 0.99. The company has a 50-day simple moving average of $58.31 and a 200-day simple moving average of $61.87. 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 posted its quarterly earnings data on Wednesday, March 5th. The bank reported $1.21 earnings per share for the quarter. The company had revenue of $2.94 billion during the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. On average, analysts predict that KB Financial Group will post 8.87 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its stake in shares of KB Financial Group by 2.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 121,523 shares of the bank’s stock valued at $6,915,000 after purchasing an additional 3,452 shares during the period. Vise Technologies Inc. lifted its position in shares of KB Financial Group by 253.1% during the 4th quarter. Vise Technologies Inc. now owns 21,208 shares of the bank’s stock valued at $1,207,000 after acquiring an additional 15,202 shares during the period. Silvercrest Asset Management Group LLC purchased a new stake in shares of KB Financial Group during the 4th quarter worth approximately $5,489,000. Quantinno Capital Management LP boosted its stake in shares of KB Financial Group by 12.9% during the 4th quarter. Quantinno Capital Management LP now owns 23,367 shares of the bank’s stock worth $1,330,000 after acquiring an additional 2,670 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of KB Financial Group in the 4th quarter worth approximately $313,000. 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.