KB Financial Group (NYSE:KB) Upgraded to “Buy” 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 issued to investors on Friday.

KB Financial Group Stock Up 1.1 %

NYSE:KB opened at $56.32 on Friday. The company’s 50-day simple moving average is $54.53 and its 200-day simple moving average is $60.28. 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 has a fifty-two week low of $45.89 and a fifty-two week high of $72.89. The stock has a market capitalization of $22.16 billion, a P/E ratio of 6.56, a P/E/G ratio of 0.52 and a beta of 0.92.

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

Institutional Investors Weigh In On KB Financial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its stake in KB Financial Group by 310.0% in the 4th 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 position in shares of KB Financial Group in the fourth quarter worth $7,301,000. Silvercrest Asset Management Group LLC acquired a new stake in shares of KB Financial Group during the fourth quarter worth $5,489,000. Mirabella Financial Services LLP purchased a new stake in shares of KB Financial Group during the fourth quarter valued at $5,000,000. Finally, Trinity Street Asset Management LLP increased its position in shares of KB Financial Group by 35.6% in the 1st quarter. Trinity Street Asset Management LLP now owns 330,384 shares of the bank’s stock valued at $17,877,000 after acquiring an additional 86,737 shares during the period. 11.52% of the stock is currently owned by hedge funds and other 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.