KB Financial Group (NYSE:KB) Upgraded by Morgan Stanley to Overweight Rating

Morgan Stanley upgraded shares of KB Financial Group (NYSE:KB) from an equal weight rating to an overweight rating in a research report sent to investors on Thursday, MarketBeat.com reports.

Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th.

KB Financial Group Price Performance

NYSE:KB opened at $59.40 on Thursday. KB Financial Group has a 12-month low of $36.57 and a 12-month high of $72.89. The stock’s 50 day moving average price is $66.34 and its two-hundred day moving average price is $62.68. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The firm has a market capitalization of $23.38 billion, a price-to-earnings ratio of 6.92, a P/E/G ratio of 0.53 and a beta of 0.96.

Hedge Funds Weigh In On KB Financial Group

A number of large investors have recently made changes to their positions in KB. BOCHK Asset Management Ltd acquired a new stake in shares of KB Financial Group during the third quarter worth $25,000. Wilmington Savings Fund Society FSB bought a new position in KB Financial Group during the third quarter worth about $35,000. Benjamin F. Edwards & Company Inc. raised its stake in 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 purchasing an additional 310 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of KB Financial Group by 2,427.9% in the third quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock valued at $67,000 after buying an additional 1,044 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of KB Financial Group by 36.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,279 shares of the bank’s stock valued at $79,000 after acquiring an additional 345 shares during the period. 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.