Wall Street Zen Upgrades KB Financial Group (NYSE:KB) to Buy

Key Points

• KB Financial Group has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating a more favorable outlook for the stock.
• As of the latest trading session, KB Financial Group's shares opened at $77.63, with a market capitalization of $29.61 billion.
• Institutional investors have been actively increasing their stakes in KB Financial Group, with several firms reporting significant growth in their shareholdings during the first quarter.

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

KB Financial Group Trading Up 2.7%

NYSE KB traded up $2.19 during trading hours on Friday, hitting $83.22. 76,769 shares of the company were exchanged, compared to its average volume of 201,314. The stock has a 50-day moving average price of $81.00 and a 200 day moving average price of $66.57. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.40. KB Financial Group has a 52 week low of $46.38 and a 52 week high of $92.39. The stock has a market cap of $31.74 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 0.60 and a beta of 1.06.

Hedge Funds Weigh In On KB Financial Group

A number of large investors have recently made changes to their positions in the business. First Horizon Advisors Inc. acquired a new position in shares of KB Financial Group in the 2nd quarter valued at $25,000. Bank of Montreal Can grew its position in KB Financial Group by 16.5% during the 2nd quarter. Bank of Montreal Can now owns 62,296 shares of the bank's stock worth $5,145,000 after purchasing an additional 8,803 shares during the period. Simon Quick Advisors LLC acquired a new stake in KB Financial Group during the 2nd quarter worth about $259,000. Virtus Family Office LLC boosted its stake in shares of KB Financial Group by 18.6% during the 2nd quarter. Virtus Family Office LLC now owns 19,619 shares of the bank's stock worth $1,620,000 after acquiring an additional 3,083 shares in the last quarter. Finally, Atria Investments Inc grew its position in shares of KB Financial Group by 53.0% during the 2nd quarter. Atria Investments Inc now owns 9,581 shares of the bank's stock valued at $791,000 after acquiring an additional 3,319 shares during the period. 11.52% of the stock is owned by institutional investors and hedge funds.

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.