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 research report issued to clients and investors on Thursday.

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

KB Financial Group Trading Down 1.2 %

Shares of NYSE KB traded down $0.60 during midday trading on Thursday, hitting $51.07. The stock had a trading volume of 209,452 shares, compared to its average volume of 189,111. The company has a fifty day moving average price of $55.09 and a 200 day moving average price of $60.55. The company has a market capitalization of $20.10 billion, a price-to-earnings ratio of 5.95, a PEG ratio of 0.52 and a beta of 0.92. KB Financial Group has a 1-year low of $45.59 and a 1-year high of $72.89. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29.

KB Financial Group (NYSE:KB) last posted its earnings results on Wednesday, March 5th. The bank reported $1.21 earnings per share for the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The business had revenue of $2.94 billion for the quarter. On average, analysts predict that KB Financial Group will post 8.87 earnings per share for the current year.

Institutional Trading of KB Financial Group

Several large investors have recently modified their holdings of KB. Wilmington Savings Fund Society FSB acquired a new stake in shares of KB Financial Group during the third quarter worth approximately $35,000. Tower Research Capital LLC TRC raised its holdings in KB Financial Group by 659.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank’s stock valued at $137,000 after acquiring an additional 2,097 shares in the last quarter. Hudson Edge Investment Partners Inc. boosted its stake in KB Financial Group by 5.1% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock valued at $198,000 after acquiring an additional 168 shares during the last quarter. Cetera Investment Advisers grew its holdings in KB Financial Group by 7.4% during the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank’s stock worth $214,000 after acquiring an additional 258 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in KB Financial Group during the 4th quarter worth $222,000. 11.52% of the stock is currently owned by institutional investors and hedge funds.

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.