KB Financial Group (NYSE:KB) Stock Rating Upgraded by Zacks Research

KB Financial Group (NYSE:KB) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday, Zacks reports.

Other research analysts have also issued reports about the company. Weiss Ratings raised KB Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. The Goldman Sachs Group reiterated a “buy” rating on shares of KB Financial Group in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat.com, KB Financial Group presently has a consensus rating of “Buy”.

KB Financial Group Stock Performance

Shares of KB stock opened at $116.57 on Wednesday. The business’s fifty day simple moving average is $123.75 and its 200-day simple moving average is $114.84. The company has a market cap of $41.35 billion, a PE ratio of 10.01, a PEG ratio of 0.64 and a beta of 1.05. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.53. KB Financial Group has a 12-month low of $79.68 and a 12-month high of $133.29.

KB Financial Group (NYSE:KB) last issued its quarterly earnings data on Friday, August 14th. The bank reported $3.67 EPS for the quarter, beating the consensus estimate of $3.51 by $0.16. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.45 billion. KB Financial Group had a return on equity of 10.11% and a net margin of 17.67%. Analysts expect that KB Financial Group will post 13.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KB Financial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. E. Ohman J or Asset Management AB acquired a new stake in KB Financial Group during the 3rd quarter worth about $1,193,000. 55 North Private Wealth LLC grew its stake in KB Financial Group by 3.3% during the 3rd quarter. 55 North Private Wealth LLC now owns 2,784 shares of the bank’s stock valued at $343,000 after purchasing an additional 88 shares during the last quarter. Mather Group LLC. grew its stake in KB Financial Group by 2,358.3% during the 3rd quarter. Mather Group LLC. now owns 590 shares of the bank’s stock valued at $73,000 after purchasing an additional 566 shares during the last quarter. Legacy Wealth Asset Management LLC grew its stake in KB Financial Group by 13.5% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 11,454 shares of the bank’s stock valued at $1,410,000 after purchasing an additional 1,360 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of KB Financial Group by 19.9% in the third quarter. GAMMA Investing LLC now owns 5,846 shares of the bank’s stock valued at $720,000 after purchasing an additional 972 shares during the period. Hedge funds and other institutional investors own 11.52% of the company’s stock.

About KB Financial Group

KB Financial Group Inc is a South Korean financial holding company headquartered in Seoul. Established in 2008, the group operates through a broad network of financial subsidiaries led by KB Kookmin Bank, one of South Korea’s major commercial banks. Its American depositary shares trade on the New York Stock Exchange under the symbol “KB.”

KB Financial Group provides a wide range of financial products and services, including retail and commercial banking, corporate finance, credit cards, securities brokerage and investment banking, insurance, asset management, consumer finance, and savings banking.