KB Financial Group (NYSE:KB) Stock Moved Up to Strong-Buy by Zacks Research

KB Financial Group (NYSE:KB) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday, Zacks reports.

A number of other analysts have also weighed in on the company. Weiss Ratings upgraded KB Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of KB Financial Group in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

KB Financial Group Trading Down 3.0%

KB stock opened at $116.57 on Wednesday. The business’s 50 day moving average is $123.75 and its 200-day moving average is $114.84. KB Financial Group has a 1-year low of $79.68 and a 1-year high of $133.29. The firm has a market cap of $41.35 billion, a P/E ratio of 10.32, a P/E/G ratio of 0.64 and a beta of 1.05. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.53.

KB Financial Group (NYSE:KB) last posted its quarterly earnings data on Friday, August 14th. The bank reported $3.67 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.16. KB Financial Group had a net margin of 17.67% and a return on equity of 10.11%. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.45 billion. Equities analysts anticipate that KB Financial Group will post 13.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. E. Ohman J or Asset Management AB acquired a new position in shares of KB Financial Group during the third quarter valued at $1,193,000. 55 North Private Wealth LLC boosted its holdings in KB Financial Group by 3.3% in the third quarter. 55 North Private Wealth LLC now owns 2,784 shares of the bank’s stock valued at $343,000 after acquiring an additional 88 shares during the last quarter. Mather Group LLC. boosted its holdings in KB Financial Group by 2,358.3% in the third quarter. Mather Group LLC. now owns 590 shares of the bank’s stock valued at $73,000 after acquiring an additional 566 shares during the last quarter. Legacy Wealth Asset Management LLC increased its position in KB Financial Group by 13.5% in the third quarter. Legacy Wealth Asset Management LLC now owns 11,454 shares of the bank’s stock worth $1,410,000 after purchasing an additional 1,360 shares during the period. Finally, GAMMA Investing LLC increased its position in KB Financial Group by 19.9% in the third quarter. GAMMA Investing LLC now owns 5,846 shares of the bank’s stock worth $720,000 after purchasing an additional 972 shares during the period. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korean financial holding company headquartered in Seoul. Established in 2008, the group operates through a broad network of financial subsidiaries led by KB Kookmin Bank, one of South Korea’s major commercial banks. Its American depositary shares trade on the New York Stock Exchange under the symbol “KB.”

KB Financial Group provides a wide range of financial products and services, including retail and commercial banking, corporate finance, credit cards, securities brokerage and investment banking, insurance, asset management, consumer finance, and savings banking.