KB Financial Group (NYSE:KB) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of KB Financial Group (NYSE:KB) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

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

KB Financial Group Price Performance

NYSE:KB opened at $56.20 on Tuesday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $22.12 billion, a price-to-earnings ratio of 6.55, a price-to-earnings-growth ratio of 0.46 and a beta of 0.99. The company has a 50 day moving average price of $59.78 and a 200-day moving average price of $63.05. KB Financial Group has a 1-year low of $45.59 and a 1-year high of $72.89.

Institutional Investors Weigh In On KB Financial Group

A number of institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in KB Financial Group during the 4th quarter worth $856,000. Creative Planning boosted its stake in KB Financial Group by 9.5% during the 3rd quarter. Creative Planning now owns 86,130 shares of the bank’s stock worth $5,319,000 after purchasing an additional 7,494 shares during the last quarter. FMR LLC boosted its stake in KB Financial Group by 121.6% during the 3rd quarter. FMR LLC now owns 33,642 shares of the bank’s stock worth $2,077,000 after purchasing an additional 18,459 shares during the last quarter. Cerity Partners LLC boosted its stake in KB Financial Group by 69.6% during the 3rd quarter. Cerity Partners LLC now owns 34,134 shares of the bank’s stock worth $2,108,000 after purchasing an additional 14,008 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in KB Financial Group by 30.5% during the 4th quarter. Blue Trust Inc. now owns 36,868 shares of the bank’s stock worth $2,277,000 after purchasing an additional 8,625 shares during the last quarter. 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.