KB Financial Group (NYSE:KB) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of KB Financial Group (NYSE:KB) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

Several other equities analysts have also issued reports on KB. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, June 24th. The Goldman Sachs Group reissued a “buy” rating on shares of KB Financial Group in a report on Wednesday, July 1st. Finally, Wall Street Zen cut KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat, KB Financial Group currently has a consensus rating of “Buy”.

KB Financial Group Stock Performance

NYSE KB opened at $112.31 on Tuesday. The company’s fifty day moving average is $109.59 and its two-hundred day moving average is $105.58. KB Financial Group has a 52-week low of $76.31 and a 52-week high of $125.62. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $39.84 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 0.69 and a beta of 1.01.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Tuesday, March 31st. The bank reported $2.16 EPS for the quarter. KB Financial Group had a net margin of 17.36% and a return on equity of 9.99%. The business had revenue of $3.49 billion during the quarter. Equities research analysts forecast that KB Financial Group will post 12.91 EPS for the current year.

Institutional Investors Weigh In On KB Financial Group

Hedge funds have recently added to or reduced their stakes in the stock. Bell Investment Advisors Inc increased its position in KB Financial Group by 29.3% in the 1st quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock valued at $48,000 after acquiring an additional 108 shares in the last quarter. Seeds Investor LLC grew its stake in shares of KB Financial Group by 1.8% during the fourth quarter. Seeds Investor LLC now owns 6,606 shares of the bank’s stock valued at $568,000 after purchasing an additional 114 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of KB Financial Group by 2.1% in the fourth quarter. HighTower Advisors LLC now owns 5,821 shares of the bank’s stock valued at $501,000 after purchasing an additional 118 shares in the last quarter. Drive Wealth Management LLC increased its holdings in shares of KB Financial Group by 3.5% in the fourth quarter. Drive Wealth Management LLC now owns 3,515 shares of the bank’s stock valued at $302,000 after purchasing an additional 120 shares in the last quarter. Finally, First Horizon Corp raised its position in KB Financial Group by 36.2% in the 1st quarter. First Horizon Corp now owns 489 shares of the bank’s stock worth $49,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 11.52% of the company’s stock.

About KB Financial Group

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.