KB Financial Group (NYSE:KB) Upgraded to “Buy” at StockNews.com

KB Financial Group (NYSE:KB) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

KB Financial Group Price Performance

NYSE KB traded down $0.35 on Tuesday, reaching $66.00. The company’s stock had a trading volume of 97,302 shares, compared to its average volume of 205,854. The firm has a market cap of $26.63 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 0.44 and a beta of 1.01. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.25. KB Financial Group has a 52 week low of $36.57 and a 52 week high of $67.40. The business has a 50-day moving average price of $61.13 and a 200 day moving average price of $56.06.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of KB. Creative Planning boosted its position in KB Financial Group by 18.4% in the second quarter. Creative Planning now owns 78,636 shares of the bank’s stock valued at $4,452,000 after buying an additional 12,231 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of KB Financial Group by 3.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,496 shares of the bank’s stock worth $368,000 after acquiring an additional 192 shares in the last quarter. Frank Rimerman Advisors LLC bought a new stake in KB Financial Group during the 2nd quarter worth approximately $1,084,000. Profund Advisors LLC increased its holdings in KB Financial Group by 4.4% during the 2nd quarter. Profund Advisors LLC now owns 7,410 shares of the bank’s stock valued at $419,000 after purchasing an additional 309 shares in the last quarter. Finally, Sei Investments Co. raised its position in KB Financial Group by 1.5% in the 2nd quarter. Sei Investments Co. now owns 71,923 shares of the bank’s stock valued at $4,072,000 after purchasing an additional 1,077 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

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.