KB Financial Group (NYSE:KB) Lifted to Buy 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 published on Wednesday.

KB Financial Group Stock Up 6.2 %

Shares of NYSE KB opened at $64.56 on Wednesday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.65 and a quick ratio of 1.65. The company has a market cap of $26.05 billion, a P/E ratio of 8.06, a PEG ratio of 0.45 and a beta of 1.00. KB Financial Group has a 1 year low of $36.57 and a 1 year high of $64.61. The firm has a 50-day simple moving average of $58.52 and a two-hundred day simple moving average of $52.72.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Thursday, May 16th. The bank reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.07. The business had revenue of $3.64 billion during the quarter. KB Financial Group had a net margin of 11.65% and a return on equity of 6.97%. Research analysts anticipate that KB Financial Group will post 9.4 earnings per share for the current year.

Institutional Trading of KB Financial Group

Institutional investors have recently added to or reduced their stakes in the company. Todd Asset Management LLC increased its position in shares of KB Financial Group by 13.0% during the fourth quarter. Todd Asset Management LLC now owns 591,498 shares of the bank’s stock worth $24,470,000 after acquiring an additional 67,857 shares during the period. Boston Partners increased its position in shares of KB Financial Group by 195.1% during the first quarter. Boston Partners now owns 100,447 shares of the bank’s stock worth $5,233,000 after acquiring an additional 66,413 shares during the period. Trinity Street Asset Management LLP increased its position in shares of KB Financial Group by 3.1% during the fourth quarter. Trinity Street Asset Management LLP now owns 2,151,024 shares of the bank’s stock worth $88,988,000 after acquiring an additional 65,402 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in shares of KB Financial Group by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 370,030 shares of the bank’s stock worth $19,267,000 after acquiring an additional 64,000 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of KB Financial Group by 32.0% during the first quarter. Acadian Asset Management LLC now owns 257,611 shares of the bank’s stock worth $13,409,000 after acquiring an additional 62,455 shares during the period. Institutional investors own 11.52% of the company’s stock.

About KB Financial Group

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.