KB Financial Group (NYSE:KB) Downgraded by StockNews.com to Hold

StockNews.com cut shares of KB Financial Group (NYSE:KB) from a buy rating to a hold rating in a research report report published on Wednesday.

Separately, Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th.

KB Financial Group Price Performance

Shares of NYSE:KB opened at $54.36 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. KB Financial Group has a twelve month low of $45.59 and a twelve month high of $72.89. The company’s 50 day moving average is $58.77 and its 200 day moving average is $62.46. The company has a market cap of $21.39 billion, a PE ratio of 6.34, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99.

Institutional Trading of KB Financial Group

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in KB Financial Group during the 4th quarter worth approximately $856,000. FMR LLC increased its position in shares of KB Financial Group by 121.6% during the third quarter. FMR LLC now owns 33,642 shares of the bank’s stock worth $2,077,000 after purchasing an additional 18,459 shares in the last quarter. Cerity Partners LLC lifted its holdings in KB Financial Group by 69.6% in the 3rd quarter. Cerity Partners LLC now owns 34,134 shares of the bank’s stock valued at $2,108,000 after purchasing an additional 14,008 shares in the last quarter. Blue Trust Inc. lifted its holdings in KB Financial Group by 30.5% in the 4th quarter. Blue Trust Inc. now owns 36,868 shares of the bank’s stock valued at $2,277,000 after purchasing an additional 8,625 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in KB Financial Group by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 21,371 shares of the bank’s stock worth $1,320,000 after purchasing an additional 308 shares during the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Company Profile

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.