KB Financial Group (NYSE:KB) Upgraded at StockNews.com

StockNews.com upgraded shares of KB Financial Group (NYSE:KB) from a hold rating to a buy rating in a research note issued to investors on Thursday.

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

KB Financial Group Stock Up 1.8 %

KB stock opened at $54.99 on Thursday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. The company’s 50 day simple moving average is $58.31 and its 200-day simple moving average is $61.87. KB Financial Group has a 12 month low of $45.59 and a 12 month high of $72.89. The firm has a market capitalization of $21.64 billion, a PE ratio of 6.41, a P/E/G ratio of 0.52 and a beta of 0.99.

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

Institutional Investors Weigh In On KB Financial Group

Several hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new stake in KB Financial Group in the third quarter valued at approximately $35,000. Venturi Wealth Management LLC grew its stake in shares of KB Financial Group by 2,427.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock valued at $67,000 after buying an additional 1,044 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of KB Financial Group by 659.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank’s stock worth $137,000 after buying an additional 2,097 shares during the last quarter. Hudson Edge Investment Partners Inc. raised its position in shares of 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 buying an additional 168 shares during the period. Finally, Drive Wealth Management LLC acquired a new position in KB Financial Group in the third quarter valued at $219,000. Institutional investors and hedge funds 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.