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

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

KB Financial Group Stock Performance

Shares of NYSE:KB opened at $56.56 on Wednesday. The company has a market capitalization of $22.82 billion, a price-to-earnings ratio of 7.06, a PEG ratio of 0.42 and a beta of 1.01. KB Financial Group has a 12 month low of $35.20 and a 12 month high of $60.14. The firm’s 50-day moving average is $56.10 and its 200 day moving average is $49.76. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.25.

KB Financial Group (NYSE:KB) last issued its earnings results on Thursday, May 16th. The bank reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.07. The business had revenue of $3.64 billion for the quarter. KB Financial Group had a net margin of 11.65% and a return on equity of 6.97%. Research analysts predict that KB Financial Group will post 9.23 EPS for the current year.

Hedge Funds Weigh In On KB Financial Group

A number of hedge funds have recently added to or reduced their stakes in KB. GAMMA Investing LLC grew its stake in 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 acquiring an additional 341 shares in the last quarter. Tucker Asset Management LLC bought a new position in shares of KB Financial Group during the fourth quarter valued at approximately $68,000. CWM LLC boosted its stake in shares of KB Financial Group by 12.4% during the fourth quarter. CWM LLC now owns 2,409 shares of the bank’s stock valued at $100,000 after purchasing an additional 265 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of KB Financial Group by 47.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,490 shares of the bank’s stock valued at $103,000 after purchasing an additional 805 shares in the last quarter. Finally, Barometer Capital Management Inc. bought a new position in shares of KB Financial Group during the fourth quarter valued at approximately $120,000. 11.52% of the stock is currently owned by institutional investors.

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.