Zacks Research Upgrades KB Financial Group (NYSE:KB) to “Strong-Buy”

KB Financial Group (NYSE:KB) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the company. The Goldman Sachs Group reiterated a “buy” rating on shares of KB Financial Group in a research report on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday, June 24th. Finally, Wall Street Zen cut KB Financial Group from a “buy” rating to a “hold” rating in a 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

KB Financial Group Trading Down 3.0%

Shares of NYSE KB opened at $112.31 on Tuesday. KB Financial Group has a 1-year low of $76.31 and a 1-year high of $125.62. The company has a 50-day moving average of $109.59 and a two-hundred day moving average of $105.58. The company has a market cap of $39.84 billion, a PE ratio of 10.08, a P/E/G ratio of 0.69 and a beta of 1.01. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.47.

KB Financial Group (NYSE:KB) last released its quarterly earnings results on Tuesday, March 31st. The bank reported $2.16 EPS for the quarter. The business had revenue of $3.49 billion for the quarter. KB Financial Group had a net margin of 17.36% and a return on equity of 9.99%. As a group, equities analysts expect that KB Financial Group will post 12.91 earnings per share for the current fiscal year.

Institutional Trading of KB Financial Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. M&T Bank Corp acquired a new position in shares of KB Financial Group in the 4th quarter valued at $36,964,000. WCM Investment Management LLC bought a new position in KB Financial Group during the first quarter worth about $24,497,000. Bank of America Corp DE grew its position in shares of KB Financial Group by 20.3% during the 1st quarter. Bank of America Corp DE now owns 1,068,416 shares of the bank’s stock worth $106,553,000 after buying an additional 180,590 shares during the period. Invesco Ltd. increased its stake in shares of KB Financial Group by 508.9% in the 2nd quarter. Invesco Ltd. now owns 152,939 shares of the bank’s stock valued at $12,631,000 after acquiring an additional 127,823 shares during the last quarter. Finally, Trinity Street Asset Management LLP raised its position in shares of KB Financial Group by 141.4% in the 2nd quarter. Trinity Street Asset Management LLP now owns 146,667 shares of the bank’s stock valued at $15,394,000 after acquiring an additional 85,904 shares during the period. 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.