KB Financial Group (NYSE:KB) Downgraded by StockNews.com 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 upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th.

KB Financial Group Stock Down 1.2 %

Shares of KB traded down $0.60 during mid-day trading on Thursday, reaching $51.07. The company’s stock had a trading volume of 209,452 shares, compared to its average volume of 189,111. The company’s 50 day moving average is $55.09 and its 200 day moving average is $60.55. The stock has a market cap of $20.10 billion, a PE ratio of 5.95, a price-to-earnings-growth ratio of 0.52 and a beta of 0.92. KB Financial Group has a 12-month low of $45.59 and a 12-month high of $72.89. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66.

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

Institutional Investors Weigh In On KB Financial Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in KB Financial Group in the third quarter valued at $35,000. Tower Research Capital LLC TRC grew 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 valued at $137,000 after buying an additional 2,097 shares during the period. Hudson Edge Investment Partners Inc. increased its stake in shares of 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 lifted its holdings in shares of 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 during the period. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of KB Financial Group in the fourth quarter worth approximately $222,000. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

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.