Zacks Investment Research upgraded shares of KB Financial Group (NYSE:KB) from a sell rating to a hold rating in a research note published on Friday morning.

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. “

Other research analysts have also issued reports about the stock. Bank of America lowered shares of KB Financial Group from a buy rating to a neutral rating and set a $61.00 price target for the company. in a research note on Thursday, August 30th. Credit Suisse Group started coverage on shares of KB Financial Group in a research note on Tuesday, October 23rd. They issued an outperform rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. KB Financial Group presently has an average rating of Hold and an average price target of $61.50.

NYSE KB traded down $1.09 during trading on Friday, hitting $42.24. The company had a trading volume of 125,828 shares, compared to its average volume of 164,709. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 2.37. The firm has a market capitalization of $17.46 billion, a PE ratio of 5.69, a price-to-earnings-growth ratio of 1.18 and a beta of 1.24. KB Financial Group has a one year low of $41.12 and a one year high of $63.96.

A number of large investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. increased its stake in KB Financial Group by 12.4% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 11,255 shares of the bank’s stock valued at $523,000 after purchasing an additional 1,245 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in KB Financial Group by 5.4% during the 3rd quarter. Wetherby Asset Management Inc. now owns 25,866 shares of the bank’s stock valued at $1,249,000 after purchasing an additional 1,326 shares in the last quarter. Comerica Bank increased its stake in KB Financial Group by 6.1% during the 3rd quarter. Comerica Bank now owns 24,456 shares of the bank’s stock valued at $1,111,000 after purchasing an additional 1,397 shares in the last quarter. Atria Investments LLC increased its stake in KB Financial Group by 14.1% during the 2nd quarter. Atria Investments LLC now owns 11,765 shares of the bank’s stock valued at $547,000 after purchasing an additional 1,451 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in KB Financial Group by 50.9% during the 1st quarter. JPMorgan Chase & Co. now owns 4,813 shares of the bank’s stock valued at $279,000 after purchasing an additional 1,624 shares in the last quarter. Institutional investors and hedge funds own 5.84% of the company’s stock.

About KB Financial Group

KB Financial Group Inc, a financial holding company, provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. It operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.

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