KB Financial Group (NYSE:KB) Downgraded to Strong Sell Rating by Zacks Research

KB Financial Group (NYSE:KB) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a research report on Monday. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

KB Financial Group Stock Up 0.6%

KB Financial Group stock opened at $85.29 on Thursday. The stock has a 50 day moving average of $84.34 and a two-hundred day moving average of $82.48. KB Financial Group has a twelve month low of $46.38 and a twelve month high of $92.39. The stock has a market capitalization of $32.53 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 0.68 and a beta of 1.11. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.38.

Institutional Trading of KB Financial Group

A number of institutional investors have recently modified their holdings of the business. Invesco Ltd. grew its holdings in KB Financial Group by 508.9% during the second quarter. Invesco Ltd. now owns 152,939 shares of the bank’s stock worth $12,631,000 after acquiring an additional 127,823 shares during the period. American Century Companies Inc. grew its stake in shares of KB Financial Group by 18.3% during the 2nd quarter. American Century Companies Inc. now owns 751,168 shares of the bank’s stock worth $62,039,000 after purchasing an additional 116,293 shares during the period. Capital International Investors increased its holdings in shares of KB Financial Group by 12.7% in the 3rd quarter. Capital International Investors now owns 757,168 shares of the bank’s stock valued at $62,735,000 after purchasing an additional 85,231 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of KB Financial Group by 82.0% in the 3rd quarter. Two Sigma Investments LP now owns 171,025 shares of the bank’s stock valued at $14,180,000 after purchasing an additional 77,048 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of KB Financial Group by 9.1% in the second quarter. Bank of America Corp DE now owns 845,567 shares of the bank’s stock valued at $69,835,000 after purchasing an additional 70,865 shares during the period. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.