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

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

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

KB Financial Group Stock Down 2.2 %

KB traded down $1.36 on Monday, reaching $61.11. 160,067 shares of the company traded hands, compared to its average volume of 140,875. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. KB Financial Group has a 52-week low of $45.59 and a 52-week high of $72.89. The stock’s 50 day moving average price is $61.33 and its 200-day moving average price is $63.16. The company has a market cap of $24.05 billion, a price-to-earnings ratio of 7.12, a PEG ratio of 0.47 and a beta of 0.99.

Hedge Funds Weigh In On KB Financial Group

Several hedge funds and other institutional investors have recently modified their holdings of KB. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of KB Financial Group by 23.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 779,499 shares of the bank’s stock valued at $48,134,000 after buying an additional 145,861 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of KB Financial Group in the third quarter worth $7,291,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in KB Financial Group in the third quarter valued at about $3,516,000. Teachers Retirement System of The State of Kentucky increased its stake in shares of KB Financial Group by 15.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank’s stock valued at $26,332,000 after buying an additional 56,400 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in KB Financial Group by 576.3% in the fourth quarter. Yousif Capital Management LLC now owns 41,191 shares of the bank’s stock valued at $2,344,000 after acquiring an additional 35,100 shares during the last quarter. Institutional investors own 11.52% of the company’s stock.

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.