StockNews.com Downgrades KB Financial Group (NYSE:KB) to Hold

StockNews.com cut shares of KB Financial Group (NYSE:KB) from a buy rating to a hold rating in a report released on Wednesday morning.

KB Financial Group Trading Up 1.3 %

NYSE KB opened at $56.56 on Wednesday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 2.25. KB Financial Group has a 52 week low of $35.20 and a 52 week high of $60.14. The stock has a market capitalization of $22.82 billion, a PE ratio of 7.06, a price-to-earnings-growth ratio of 0.42 and a beta of 1.01. The firm has a 50 day moving average of $56.10 and a two-hundred day moving average of $49.76.

KB Financial Group (NYSE:KB) last posted its quarterly earnings results on Thursday, May 16th. The bank reported $2.07 EPS for the quarter, topping the consensus estimate of $2.00 by $0.07. KB Financial Group had a net margin of 11.65% and a return on equity of 6.97%. The company had revenue of $3.64 billion during the quarter. As a group, research analysts expect that KB Financial Group will post 9.23 EPS for the current fiscal year.

Institutional Trading of KB Financial Group

Institutional investors have recently modified their holdings of the stock. American Century Companies Inc. lifted its position in shares of KB Financial Group by 9.5% during the 3rd quarter. American Century Companies Inc. now owns 391,861 shares of the bank’s stock worth $16,109,000 after buying an additional 33,884 shares during the last quarter. Trinity Street Asset Management LLP lifted its position in shares of KB Financial Group by 3.1% during the 4th quarter. Trinity Street Asset Management LLP now owns 2,151,024 shares of the bank’s stock worth $88,988,000 after buying an additional 65,402 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of KB Financial Group by 12.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 306,030 shares of the bank’s stock worth $12,660,000 after buying an additional 33,300 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of KB Financial Group during the 4th quarter worth approximately $1,112,000. Finally, CWM LLC lifted its position in shares of KB Financial Group by 12.4% during the 4th quarter. CWM LLC now owns 2,409 shares of the bank’s stock worth $100,000 after buying an additional 265 shares during the last quarter. Hedge funds and other institutional investors 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.