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 note issued to investors on Friday morning.

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 0.5 %

Shares of KB opened at $55.59 on Friday. KB Financial Group has a one year low of $45.59 and a one year high of $72.89. The stock has a market capitalization of $21.88 billion, a price-to-earnings ratio of 6.48, a PEG ratio of 0.52 and a beta of 0.99. The stock has a 50 day moving average price of $58.02 and a 200 day moving average price of $61.55. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66.

KB Financial Group (NYSE:KB) last posted its earnings results on Wednesday, March 5th. The bank reported $1.21 earnings per share (EPS) for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The company had revenue of $2.94 billion during the quarter. Equities research analysts forecast that KB Financial Group will post 8.87 earnings per share for the current fiscal year.

Institutional Trading of KB Financial Group

Several institutional investors have recently added to or reduced their stakes in KB. Northern Trust Corp lifted its stake in KB Financial Group by 310.0% during the fourth quarter. Northern Trust Corp now owns 912,529 shares of the bank’s stock worth $51,923,000 after purchasing an additional 689,979 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of KB Financial Group during the 4th quarter worth $7,301,000. Public Employees Retirement System of Ohio acquired a new position in shares of KB Financial Group during the 3rd quarter worth about $7,291,000. Silvercrest Asset Management Group LLC purchased a new stake in shares of KB Financial Group during the 4th quarter worth approximately $5,489,000. Finally, Mirabella Financial Services LLP purchased a new stake in KB Financial Group in the fourth quarter valued at $5,000,000. Institutional investors and hedge funds 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.