KB Financial Group (NYSE:KB) Rating Lowered to Hold at Wall Street Zen

KB Financial Group (NYSE:KB) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other analysts also recently commented on the company. Zacks Research raised KB Financial Group from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, KB Financial Group presently has an average rating of “Moderate Buy”.

KB Financial Group Stock Up 0.1%

KB opened at $99.66 on Friday. KB Financial Group has a fifty-two week low of $46.38 and a fifty-two week high of $119.71. The firm has a market capitalization of $37.16 billion, a P/E ratio of 9.34, a PEG ratio of 0.61 and a beta of 1.04. The company’s 50-day moving average is $104.09 and its 200 day moving average is $91.70. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.64 and a quick ratio of 1.65.

KB Financial Group (NYSE:KB) last issued its quarterly earnings data on Saturday, January 31st. The bank reported $1.43 earnings per share (EPS) for the quarter. KB Financial Group had a net margin of 17.16% and a return on equity of 9.67%. Research analysts expect that KB Financial Group will post 8.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KB Financial Group

Large investors have recently modified their holdings of the stock. Cullen Capital Management LLC increased its position in KB Financial Group by 19.6% in the second quarter. Cullen Capital Management LLC now owns 111,477 shares of the bank’s stock worth $9,207,000 after buying an additional 18,255 shares during the last quarter. Capital International Investors lifted its position in shares of KB Financial Group by 12.7% during the 3rd quarter. Capital International Investors now owns 757,168 shares of the bank’s stock valued at $62,735,000 after buying an additional 85,231 shares during the last quarter. Advisors Preferred LLC bought a new position in shares of KB Financial Group during the 3rd quarter worth $391,000. Caprock Group LLC bought a new position in shares of KB Financial Group during the 3rd quarter worth $1,396,000. Finally, Advisors Asset Management Inc. increased its holdings in KB Financial Group by 30.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 19,305 shares of the bank’s stock worth $1,601,000 after acquiring an additional 4,509 shares during the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

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.