KB Financial Group (NYSE:KB) Stock Rating Lowered by Zacks Research

KB Financial Group (NYSE:KB) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

KB has been the topic of several other reports. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a report on Monday. The Goldman Sachs Group restated a “buy” rating on shares of KB Financial Group in a report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

KB Financial Group Trading Down 3.0%

KB stock opened at $125.40 on Tuesday. KB Financial Group has a one year low of $77.44 and a one year high of $133.29. The stock has a market cap of $44.48 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 0.77 and a beta of 1.02. The company has a fifty day moving average price of $122.37 and a two-hundred day moving average price of $111.67. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.64 and a quick ratio of 1.64.

KB Financial Group (NYSE:KB) last issued its quarterly earnings data on Friday, August 14th. The bank reported $3.67 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.16. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.45 billion. KB Financial Group had a net margin of 17.67% and a return on equity of 10.11%. Equities analysts anticipate that KB Financial Group will post 12.91 EPS for the current year.

Institutional Trading of KB Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. WCM Investment Management LLC bought a new stake in KB Financial Group in the 1st quarter valued at about $24,497,000. Bank of America Corp DE increased its holdings in shares of KB Financial Group by 20.3% during the first quarter. Bank of America Corp DE now owns 1,068,416 shares of the bank’s stock worth $106,553,000 after purchasing an additional 180,590 shares during the period. Nykredit A S bought a new position in shares of KB Financial Group during the second quarter worth approximately $10,926,000. Trinity Street Asset Management LLP increased its holdings in shares of KB Financial Group by 141.4% during the second quarter. Trinity Street Asset Management LLP now owns 146,667 shares of the bank’s stock worth $15,394,000 after purchasing an additional 85,904 shares during the period. Finally, Royal Bank of Canada raised its position in shares of KB Financial Group by 18.7% in the first quarter. Royal Bank of Canada now owns 342,236 shares of the bank’s stock valued at $34,131,000 after buying an additional 53,952 shares in the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korean financial holding company headquartered in Seoul. Established in 2008, the group operates through a network of subsidiaries that provide banking, securities, insurance, asset management, credit card, consumer finance and other financial services to individuals, businesses and institutional clients.

Its principal subsidiary, KB Kookmin Bank, offers deposit accounts, lending, wealth management, foreign exchange, payments and corporate banking services.