KB Financial Group (NYSE:KB) Stock Rating Lowered by Zacks Research

KB Financial Group (NYSE:KB) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

KB Financial Group Stock Up 0.6%

Shares of NYSE KB opened at $85.29 on Thursday. The company has a market capitalization of $32.53 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 0.68 and a beta of 1.11. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.65 and a quick ratio of 1.65. The business has a 50-day moving average of $84.34 and a two-hundred day moving average of $82.48. KB Financial Group has a 1 year low of $46.38 and a 1 year high of $92.39.

Institutional Trading of KB Financial Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC increased its position in KB Financial Group by 0.5% during the third quarter. Signaturefd LLC now owns 25,927 shares of the bank’s stock worth $2,150,000 after buying an additional 133 shares during the period. Ascent Group LLC grew its position in shares of KB Financial Group by 4.3% during the third quarter. Ascent Group LLC now owns 3,401 shares of the bank’s stock worth $282,000 after acquiring an additional 140 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in shares of KB Financial Group by 0.3% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 56,094 shares of the bank’s stock valued at $4,651,000 after acquiring an additional 149 shares during the period. Huntington National Bank increased its holdings in shares of KB Financial Group by 16.4% in the 3rd quarter. Huntington National Bank now owns 1,138 shares of the bank’s stock valued at $94,000 after acquiring an additional 160 shares during the period. Finally, Focus Partners Advisor Solutions LLC raised its position in KB Financial Group by 6.1% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 3,077 shares of the bank’s stock valued at $258,000 after purchasing an additional 178 shares during the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

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.