Weiss Ratings Reiterates Buy (B) Rating for KB Financial Group (NYSE:KB)

KB Financial Group (NYSE:KB - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered KB Financial Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy".

KB Financial Group Stock Performance

NYSE:KB opened at $82.48 on Wednesday. The stock has a market cap of $31.46 billion, a P/E ratio of 7.92, a price-to-earnings-growth ratio of 0.63 and a beta of 1.10. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.36. The stock's 50-day moving average is $81.24 and its 200-day moving average is $74.06. KB Financial Group has a 1-year low of $46.38 and a 1-year high of $92.39.

KB Financial Group (NYSE:KB - Get Free Report) last announced its earnings results on Thursday, August 14th. The bank reported $3.16 EPS for the quarter, beating the consensus estimate of $3.15 by $0.01. KB Financial Group had a return on equity of 9.79% and a net margin of 16.16%.The business had revenue of $3.32 billion for the quarter, compared to analysts' expectations of $3.20 billion. Equities research analysts anticipate that KB Financial Group will post 8.87 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. bought a new position in KB Financial Group in the 2nd quarter worth about $25,000. Parkside Financial Bank & Trust boosted its stake in KB Financial Group by 585.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank's stock worth $28,000 after purchasing an additional 287 shares during the period. Hantz Financial Services Inc. boosted its stake in KB Financial Group by 817.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 771 shares of the bank's stock worth $64,000 after purchasing an additional 687 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in KB Financial Group by 10,875.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 878 shares of the bank's stock worth $73,000 after purchasing an additional 870 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of KB Financial Group by 105.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,836 shares of the bank's stock valued at $152,000 after acquiring an additional 943 shares during the last quarter. Institutional investors own 11.52% of the company's stock.

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.

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