Zacks Research downgraded shares of KB Financial Group (NYSE:KB – Free Report) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks reports.
A number of other research analysts have also recently commented on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of KB Financial Group in a report on Wednesday, July 1st. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research note on Monday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
Get Our Latest Analysis on KB Financial Group
KB Financial Group Stock Performance
KB Financial Group (NYSE:KB – Get Free Report) last posted its quarterly earnings results 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 business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.45 billion. KB Financial Group had a net margin of 17.67% and a return on equity of 10.11%. Analysts forecast that KB Financial Group will post 12.91 EPS for the current year.
Institutional Investors Weigh In On KB Financial Group
A number of institutional investors have recently made changes to their positions in the stock. Bell Investment Advisors Inc grew its stake in shares of KB Financial Group by 29.3% during the first quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock worth $48,000 after purchasing an additional 108 shares in the last quarter. First Horizon Corp raised its stake in KB Financial Group by 36.2% in the first quarter. First Horizon Corp now owns 489 shares of the bank’s stock valued at $49,000 after buying an additional 130 shares in the last quarter. Assetmark Inc. raised its stake in KB Financial Group by 20.0% in the first quarter. Assetmark Inc. now owns 1,136 shares of the bank’s stock valued at $113,000 after buying an additional 189 shares in the last quarter. Bessemer Group Inc. lifted its holdings in KB Financial Group by 7.2% during the 1st quarter. Bessemer Group Inc. now owns 2,955 shares of the bank’s stock worth $295,000 after buying an additional 198 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in KB Financial Group by 90.0% during the 1st quarter. V Square Quantitative Management LLC now owns 496 shares of the bank’s stock worth $49,000 after buying an additional 235 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.
About KB Financial Group
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.
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