KB Financial Group (NYSE:KB) Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of KB Financial Group (NYSE:KB) from a buy rating to a hold rating in a report published on Thursday morning.

KB Financial Group Stock Up 1.6 %

NYSE:KB opened at $61.67 on Thursday. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.67 and a quick ratio of 1.67. The firm has a market cap of $24.88 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 0.44 and a beta of 0.98. The company has a 50-day moving average of $62.57 and a 200 day moving average of $58.17. KB Financial Group has a 1-year low of $36.57 and a 1-year high of $67.40.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.36. The firm had revenue of $3.18 billion during the quarter. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. As a group, research analysts anticipate that KB Financial Group will post 9.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hilltop National Bank bought a new stake in KB Financial Group during the second quarter valued at about $34,000. GAMMA Investing LLC grew its position in shares of KB Financial Group by 98.0% in the 1st 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. grew its position in shares of KB Financial Group by 66.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank’s stock worth $44,000 after buying an additional 310 shares during the last quarter. Tucker Asset Management LLC bought a new position in shares of KB Financial Group during the 4th quarter worth approximately $68,000. Finally, Barometer Capital Management Inc. purchased a new stake in KB Financial Group during the fourth quarter valued at approximately $120,000. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

About KB Financial Group

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.