KB Financial Group (NYSE:KB) Rating Increased to Strong-Buy at Zacks Research

KB Financial Group (NYSE:KB) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts also recently issued reports on KB. The Goldman Sachs Group reaffirmed a “buy” rating on shares of KB Financial Group in a research note on Wednesday, July 1st. Wall Street Zen lowered KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

KB Financial Group Stock Performance

KB Financial Group stock opened at $112.31 on Tuesday. The firm has a market capitalization of $39.84 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 0.69 and a beta of 1.01. KB Financial Group has a one year low of $76.31 and a one year high of $125.62. The stock’s 50 day moving average price is $109.59 and its 200 day moving average price is $105.58. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.64 and a current ratio of 1.64.

KB Financial Group (NYSE:KB) last posted its quarterly earnings data on Tuesday, March 31st. The bank reported $2.16 earnings per share (EPS) for the quarter. The company had revenue of $3.49 billion for the quarter. KB Financial Group had a net margin of 17.36% and a return on equity of 9.99%. As a group, sell-side analysts expect that KB Financial Group will post 12.91 EPS for the current fiscal year.

Institutional Investors Weigh In On KB Financial Group

A number of institutional investors have recently modified their holdings of KB. Brown Brothers Harriman & Co. lifted its position in shares of KB Financial Group by 131.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock worth $35,000 after purchasing an additional 229 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in KB Financial Group in the fourth quarter valued at about $39,000. Leonteq Securities AG bought a new stake in KB Financial Group in the fourth quarter valued at about $43,000. Triumph Capital Management acquired a new stake in KB Financial Group during the third quarter valued at approximately $46,000. Finally, Bell Investment Advisors Inc raised its stake in KB Financial Group by 29.3% during the first quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock valued at $48,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.