KB Financial Group (NYSE:KB) Upgraded by StockNews.com to Buy Rating

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

Separately, Morgan Stanley raised 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 Stock Down 2.1 %

Shares of NYSE KB opened at $56.94 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The firm’s fifty day moving average is $59.99 and its 200 day moving average is $63.10. The company has a market cap of $22.41 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 0.46 and a beta of 0.99. KB Financial Group has a 52 week low of $45.59 and a 52 week high of $72.89.

Institutional Trading of KB Financial Group

Hedge funds have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. boosted its stake in KB Financial Group by 23.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 779,499 shares of the bank’s stock worth $48,134,000 after purchasing an additional 145,861 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of KB Financial Group during the 4th quarter valued at about $7,301,000. Public Employees Retirement System of Ohio purchased a new stake in shares of KB Financial Group during the 3rd quarter valued at about $7,291,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of KB Financial Group during the 3rd quarter valued at about $3,516,000. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of KB Financial Group by 15.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank’s stock valued at $26,332,000 after purchasing an additional 56,400 shares during the last quarter. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Company Profile

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.