Zacks Investment Research lowered shares of KB Financial Group Inc. (NYSE:KB) from a strong-buy rating to a hold rating in a report released on Tuesday.

According to Zacks, “KOOKMIN BANK, formerly KB Financial Group Inc., is a commercial bank in Korea. On the asset side, the Company provides credit and related financial services to individuals and small and medium sized enterprises and, to a lesser extent, to large corporate customers. On the deposit side, it provides a range of deposit products and related services to both individuals and enterprises of all sizes. “

Several other research analysts also recently commented on the company. Citigroup Inc. raised KB Financial Group from a neutral rating to a buy rating in a report on Thursday, July 21st. TheStreet raised shares of KB Financial Group from a hold rating to a buy rating in a research report on Wednesday, August 17th.

Shares of KB Financial Group (NYSE:KB) opened at 34.84 on Tuesday. KB Financial Group has a 12-month low of $22.84 and a 12-month high of $36.59. The stock has a 50 day moving average price of $34.29 and a 200 day moving average price of $30.28. The firm has a market cap of $13.14 billion, a P/E ratio of 8.05 and a beta of 1.60.

Hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE increased its stake in KB Financial Group by 12.1% in the second quarter. US Bancorp DE now owns 4,211 shares of the company’s stock worth $120,000 after buying an additional 454 shares in the last quarter. Aviva PLC increased its stake in KB Financial Group by 8.9% in the second quarter. Aviva PLC now owns 8,068 shares of the company’s stock worth $229,000 after buying an additional 660 shares in the last quarter. Aperio Group LLC increased its stake in KB Financial Group by 0.4% in the first quarter. Aperio Group LLC now owns 312,234 shares of the company’s stock worth $8,615,000 after buying an additional 1,280 shares in the last quarter. Citigroup Inc. increased its stake in KB Financial Group by 30.4% in the second quarter. Citigroup Inc. now owns 5,570 shares of the company’s stock worth $158,000 after buying an additional 1,300 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in KB Financial Group by 12.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 15,802 shares of the company’s stock worth $450,000 after buying an additional 1,800 shares in the last quarter. 7.02% of the stock is owned by institutional investors and hedge funds.

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