KB Financial Group (NYSE:KB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

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. “

Separately, TheStreet lowered KB Financial Group from a “b-” rating to a “c” rating in a research report on Monday, November 27th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. KB Financial Group currently has a consensus rating of “Buy” and an average price target of $70.00.

KB Financial Group (NYSE KB) traded up $1.69 during trading hours on Friday, reaching $63.64. The company had a trading volume of 113,856 shares, compared to its average volume of 100,045. The firm has a market capitalization of $25,519.83, a price-to-earnings ratio of 9.88, a P/E/G ratio of 0.45 and a beta of 1.20. KB Financial Group has a 1 year low of $38.13 and a 1 year high of $63.96. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.14.

Several large investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC boosted its position in shares of KB Financial Group by 1.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 9,887 shares of the bank’s stock valued at $499,000 after purchasing an additional 138 shares during the period. Suntrust Banks Inc. boosted its position in shares of KB Financial Group by 3.0% in the 2nd quarter. Suntrust Banks Inc. now owns 9,493 shares of the bank’s stock valued at $478,000 after purchasing an additional 279 shares during the period. Stifel Financial Corp boosted its position in shares of KB Financial Group by 4.3% in the 2nd quarter. Stifel Financial Corp now owns 15,765 shares of the bank’s stock valued at $794,000 after purchasing an additional 656 shares during the period. Advisor Group Inc. boosted its position in shares of KB Financial Group by 22.2% in the 3rd quarter. Advisor Group Inc. now owns 5,379 shares of the bank’s stock valued at $264,000 after purchasing an additional 978 shares during the period. Finally, Eagle Asset Management Inc. boosted its position in shares of KB Financial Group by 15.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 8,238 shares of the bank’s stock valued at $405,000 after purchasing an additional 1,117 shares during the period. Institutional investors and hedge funds own 5.92% of the company’s stock.

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About KB Financial Group

KB Financial Group Inc is a financial holding company in Korea. The Company’s operations include Kookmin Bank, a commercial bank in Korea. The Company operates through six business segments: retail banking operations, corporate banking operations, other banking operations, credit card operations, investment and securities operations, and life insurance operations.

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