StockNews.com Upgrades KB Financial Group (NYSE:KB) to Buy

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

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

KB Financial Group Price Performance

KB opened at $54.99 on Thursday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market capitalization of $21.64 billion, a P/E ratio of 6.41, a P/E/G ratio of 0.52 and a beta of 0.99. The company’s 50-day simple moving average is $58.31 and its two-hundred day simple moving average is $61.90. KB Financial Group has a 52-week low of $45.59 and a 52-week high of $72.89.

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

Hedge Funds Weigh In On KB Financial Group

Institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in shares of KB Financial Group in the 3rd quarter worth approximately $35,000. Venturi Wealth Management LLC increased its holdings in KB Financial Group by 2,427.9% in the 3rd 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 in the last quarter. Tower Research Capital LLC TRC increased its holdings in KB Financial Group by 659.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank’s stock worth $137,000 after acquiring an additional 2,097 shares in the last quarter. Hudson Edge Investment Partners Inc. increased its holdings in KB Financial Group by 5.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock worth $198,000 after acquiring an additional 168 shares in the last quarter. Finally, Drive Wealth Management LLC purchased a new stake in KB Financial Group in the 3rd quarter worth approximately $219,000. 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.