KB Financial Group (NYSE:KB) Upgraded at StockNews.com

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

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

KB Financial Group Stock Down 1.3 %

Shares of KB opened at $56.20 on Tuesday. The business’s 50 day moving average is $59.78 and its 200 day moving average is $63.05. The company has a market capitalization of $22.12 billion, a PE ratio of 6.55, a price-to-earnings-growth ratio of 0.46 and a beta of 0.99. KB Financial Group has a 12-month low of $45.59 and a 12-month high of $72.89. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KB. SG Americas Securities LLC purchased a new position in KB Financial Group during the 4th quarter worth approximately $856,000. Creative Planning raised its position 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 buying an additional 7,494 shares during the last quarter. FMR LLC raised its position 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 buying an additional 18,459 shares during the last quarter. Cerity Partners LLC raised its position 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 buying an additional 14,008 shares during the last quarter. Finally, Blue Trust Inc. raised its position 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 buying an additional 8,625 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors.

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.