StockNews.com Downgrades KB Financial Group (NYSE:KB) to Hold

KB Financial Group (NYSE:KB) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

Separately, Morgan Stanley raised 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 Trading Up 2.5 %

Shares of KB Financial Group stock opened at $62.62 on Monday. The firm’s 50 day moving average is $61.16 and its 200 day moving average is $63.17. The firm has a market capitalization of $24.64 billion, a PE ratio of 7.30, a price-to-earnings-growth ratio of 0.47 and a beta of 0.99. KB Financial Group has a 1 year low of $45.59 and a 1 year high of $72.89. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KB. BOCHK Asset Management Ltd bought a new stake in KB Financial Group during the 3rd quarter worth approximately $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of KB Financial Group during the third quarter worth $35,000. Venturi Wealth Management LLC grew its stake in shares of KB Financial Group by 2,427.9% in the third quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock worth $67,000 after purchasing an additional 1,044 shares during the last quarter. GAMMA Investing LLC increased its holdings in KB Financial Group by 36.9% in the third quarter. GAMMA Investing LLC now owns 1,279 shares of the bank’s stock valued at $79,000 after purchasing an additional 345 shares during the period. Finally, CWM LLC raised its position in KB Financial Group by 5.7% during the 3rd quarter. CWM LLC now owns 2,851 shares of the bank’s stock worth $176,000 after purchasing an additional 155 shares during the last quarter. 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.