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 released on Friday morning.

KB Financial Group Stock Performance

NYSE:KB opened at $56.32 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. KB Financial Group has a twelve month low of $46.38 and a twelve month high of $72.89. The company has a fifty day moving average of $54.53 and a 200-day moving average of $60.27. The firm 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 posted its quarterly earnings results on Wednesday, March 5th. The bank reported $1.21 earnings per share for the quarter. The firm 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%. As a group, sell-side analysts anticipate that KB Financial Group will post 8.87 EPS for the current year.

Institutional Investors Weigh In On KB Financial Group

Hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp grew its position in KB Financial Group by 1.5% in the 3rd quarter. Stifel Financial Corp now owns 21,371 shares of the bank’s stock valued at $1,320,000 after purchasing an additional 308 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of KB Financial Group by 11.8% in the third quarter. Sanctuary Advisors LLC now owns 10,243 shares of the bank’s stock valued at $633,000 after buying an additional 1,085 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of KB Financial Group during the third quarter valued at about $35,000. Aprio Wealth Management LLC increased its position in shares of KB Financial Group by 14.6% during the fourth quarter. Aprio Wealth Management LLC now owns 9,171 shares of the bank’s stock worth $522,000 after acquiring an additional 1,171 shares in the last quarter. Finally, Gilman Hill Asset Management LLC raised its holdings in shares of KB Financial Group by 1.5% in the 4th quarter. Gilman Hill Asset Management LLC now owns 67,138 shares of the bank’s stock worth $3,820,000 after acquiring an additional 961 shares during 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 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.