KB Financial Group (NYSE:KB) Lifted to “Buy” at StockNews.com

KB Financial Group (NYSE:KB) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

KB Financial Group Trading Down 0.5 %

Shares of KB traded down $0.35 during trading hours on Tuesday, hitting $66.00. The stock had a trading volume of 97,302 shares, compared to its average volume of 205,854. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.65 and a current ratio of 1.65. KB Financial Group has a 12-month low of $36.57 and a 12-month high of $67.40. The firm has a market cap of $26.63 billion, a P/E ratio of 8.24, a P/E/G ratio of 0.44 and a beta of 1.01. The company’s fifty day simple moving average is $61.13 and its 200 day simple moving average is $56.06.

Institutional Investors Weigh In On KB Financial Group

A number of hedge funds have recently made changes to their positions in KB. Hilltop National Bank purchased a new position in shares of KB Financial Group in the second quarter worth approximately $34,000. GAMMA Investing LLC lifted its holdings in shares of KB Financial Group by 98.0% during the first quarter. GAMMA Investing LLC now owns 689 shares of the bank’s stock worth $36,000 after buying an additional 341 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in KB Financial Group by 66.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank’s stock valued at $44,000 after purchasing an additional 310 shares during the last quarter. Tucker Asset Management LLC bought a new stake in shares of KB Financial Group in the fourth quarter valued at about $68,000. Finally, CWM LLC grew its holdings in shares of KB Financial Group by 12.4% during the 4th quarter. CWM LLC now owns 2,409 shares of the bank’s stock worth $100,000 after purchasing an additional 265 shares in the last quarter. 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.