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

Key Points

• Wall Street Zen downgraded KB Financial Group (NYSE:KB) from a "Buy" to a "Hold" in a research note issued Saturday.
• Analyst sentiment is mixed — the stock has one Buy and one Hold rating with a MarketBeat average of Moderate Buy, while Zacks moved to Hold and Weiss Ratings reiterated Buy.
• KB trades around $99.66 with a market cap of about $37.2B, a PE ratio of 9.34, reported quarterly EPS of $1.43, and analysts forecast roughly 8.87 EPS for the fiscal year.

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

Other analysts have also issued reports about the stock. Zacks Research upgraded shares of KB Financial Group from a "strong sell" rating to a "hold" rating in a research report on Monday, February 2nd. Weiss Ratings reiterated a "buy (b)" rating on shares of KB Financial Group in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, KB Financial Group has an average rating of "Moderate Buy".

KB Financial Group Trading Up 0.1%

KB stock opened at $99.66 on Friday. The company has a market capitalization of $37.16 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 0.61 and a beta of 1.04. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.65 and a current ratio of 1.64. KB Financial Group has a one year low of $46.38 and a one year high of $119.71. The company's 50 day moving average price is $104.09 and its two-hundred day moving average price is $91.61.

KB Financial Group (NYSE:KB - Get Free Report) last announced its quarterly earnings data on Saturday, January 31st. The bank reported $1.43 earnings per share (EPS) for the quarter. KB Financial Group had a net margin of 17.16% and a return on equity of 9.67%. As a group, analysts predict that KB Financial Group will post 8.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KB. Seeds Investor LLC boosted its position in KB Financial Group by 1.8% during the 4th quarter. Seeds Investor LLC now owns 6,606 shares of the bank's stock valued at $568,000 after buying an additional 114 shares during the period. HighTower Advisors LLC grew its holdings in KB Financial Group by 2.1% in the 4th quarter. HighTower Advisors LLC now owns 5,821 shares of the bank's stock worth $501,000 after acquiring an additional 118 shares during the last quarter. Drive Wealth Management LLC increased its position in shares of KB Financial Group by 3.5% in the fourth quarter. Drive Wealth Management LLC now owns 3,515 shares of the bank's stock valued at $302,000 after acquiring an additional 120 shares during the period. Signaturefd LLC increased its position in shares of KB Financial Group by 0.5% in the third quarter. Signaturefd LLC now owns 25,927 shares of the bank's stock valued at $2,150,000 after acquiring an additional 133 shares during the period. Finally, Allworth Financial LP raised its stake in shares of KB Financial Group by 9.8% during the fourth quarter. Allworth Financial LP now owns 1,519 shares of the bank's stock valued at $131,000 after acquiring an additional 135 shares during the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company's principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.

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