KB Financial Group (NYSE:KB) Downgraded by ValuEngine to “Sell”

ValuEngine cut shares of KB Financial Group (NYSE:KB) from a hold rating to a sell rating in a research note released on Tuesday, ValuEngine reports.

Several other equities analysts have also weighed in on the company. Bank of America raised KB Financial Group from a neutral rating to a buy rating in a research note on Monday. Zacks Investment Research cut KB Financial Group from a buy rating to a hold rating in a report on Tuesday, August 13th. Finally, Citigroup lowered KB Financial Group from a buy rating to a neutral rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $41.00.

Shares of KB Financial Group stock traded up $0.27 on Tuesday, hitting $38.89. 114,706 shares of the company’s stock traded hands, compared to its average volume of 149,871. The firm’s 50-day moving average price is $36.46 and its two-hundred day moving average price is $36.50. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market capitalization of $15.75 billion, a PE ratio of 5.56, a price-to-earnings-growth ratio of 1.81 and a beta of 0.83. KB Financial Group has a one year low of $30.83 and a one year high of $43.69.

Several hedge funds have recently made changes to their positions in KB. Berman Capital Advisors LLC raised its stake in KB Financial Group by 93.3% during the 2nd quarter. Berman Capital Advisors LLC now owns 638 shares of the bank’s stock worth $25,000 after buying an additional 308 shares during the period. Marshall Wace LLP acquired a new position in KB Financial Group in the first quarter valued at about $34,000. Lindbrook Capital LLC increased its holdings in shares of KB Financial Group by 43.0% in the second quarter. Lindbrook Capital LLC now owns 1,025 shares of the bank’s stock worth $40,000 after acquiring an additional 308 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of KB Financial Group in the second quarter worth about $56,000. Finally, Quantamental Technologies LLC increased its holdings in shares of KB Financial Group by 119.6% in the second quarter. Quantamental Technologies LLC now owns 1,976 shares of the bank’s stock worth $78,000 after acquiring an additional 1,076 shares in the last quarter. 7.00% of the stock is owned by institutional investors.

About KB Financial Group

KB Financial Group Inc, a financial holding company, provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. It operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.

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