KB Financial Group (NYSE:KB) Downgraded by Wall Street Zen to "Hold"

Key Points

• KB Financial Group has been downgraded from a "buy" to a "hold" rating by analysts at Wall Street Zen.
• The company has a market cap of $31.29 billion, with shares trading around $82.02 following the downgrade.
• Institutional investors own approximately 11.52% of KB Financial Group's stock, with several firms recently increasing their holdings.

KB Financial Group (NYSE:KB - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Sunday.

KB Financial Group Stock Performance

Shares of KB Financial Group stock opened at $82.02 on Friday. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a market cap of $31.29 billion, a P/E ratio of 7.96, a P/E/G ratio of 0.63 and a beta of 1.06. The firm has a 50 day simple moving average of $81.51 and a 200 day simple moving average of $66.99. KB Financial Group has a fifty-two week low of $46.38 and a fifty-two week high of $92.39.

Institutional Trading of KB Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Seeds Investor LLC grew its holdings in KB Financial Group by 2.9% during the 4th quarter. Seeds Investor LLC now owns 6,923 shares of the bank's stock worth $394,000 after acquiring an additional 195 shares during the period. Cetera Investment Advisers grew its holdings in KB Financial Group by 7.4% during the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock worth $214,000 after acquiring an additional 258 shares during the period. PDS Planning Inc grew its holdings in KB Financial Group by 3.5% during the 1st quarter. PDS Planning Inc now owns 8,024 shares of the bank's stock worth $434,000 after acquiring an additional 271 shares during the period. US Bancorp DE grew its holdings in KB Financial Group by 1.3% during the 1st quarter. US Bancorp DE now owns 20,442 shares of the bank's stock worth $1,106,000 after acquiring an additional 272 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in KB Financial Group by 585.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank's stock worth $28,000 after acquiring an additional 287 shares during the period. Institutional investors and hedge funds 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.

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