KB Financial Group (NYSE:KB – Get Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday, Zacks reports.
Other equities research analysts have also recently issued research reports about the company. Weiss Ratings upgraded KB Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. The Goldman Sachs Group reissued a “buy” rating on shares of KB Financial Group in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.
Get Our Latest Research Report on KB
KB Financial Group Trading Down 3.0%
NYSE:KB opened at $116.57 on Wednesday. The stock has a market capitalization of $41.35 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 0.64 and a beta of 1.05. KB Financial Group has a fifty-two week low of $79.68 and a fifty-two week high of $133.29. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.64 and a quick ratio of 1.64. The business’s 50-day simple moving average is $123.75 and its 200-day simple moving average is $114.84.
KB Financial Group (NYSE:KB – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The bank reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.16. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.45 billion. KB Financial Group had a net margin of 17.67% and a return on equity of 10.11%. Sell-side analysts expect that KB Financial Group will post 13.98 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. WCM Investment Management LLC bought a new position in shares of KB Financial Group during the 1st quarter worth approximately $24,497,000. Bank of America Corp DE increased its holdings 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 acquiring an additional 180,590 shares during the last quarter. Nykredit A S bought a new stake in KB Financial Group in the 2nd quarter valued at $10,926,000. Trinity Street Asset Management LLP raised its stake in 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. Finally, Royal Bank of Canada raised its stake in KB Financial Group by 18.7% in the 1st quarter. Royal Bank of Canada now owns 342,236 shares of the bank’s stock valued at $34,131,000 after acquiring an additional 53,952 shares during the period. 11.52% of the stock is currently owned by institutional investors.
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 broad network of financial subsidiaries led by KB Kookmin Bank, one of South Korea’s major commercial banks. Its American depositary shares trade on the New York Stock Exchange under the symbol “KB.”
KB Financial Group provides a wide range of financial products and services, including retail and commercial banking, corporate finance, credit cards, securities brokerage and investment banking, insurance, asset management, consumer finance, and savings banking.
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