Zacks Investment Research upgraded shares of KB Financial Group (NYSE:KB) from a hold rating to a buy rating in a research report report published on Wednesday. Zacks Investment Research currently has $62.00 price target on the bank’s stock.
According to Zacks, “KOOKMIN BANK, formerly KB Financial Group Inc., is a commercial bank in Korea. On the asset side, the Company provides credit and related financial services to individuals and small and medium sized enterprises and, to a lesser extent, to large corporate customers. On the deposit side, it provides a range of deposit products and related services to both individuals and enterprises of all sizes. “
Separately, ValuEngine lowered shares of KB Financial Group from a strong-buy rating to a buy rating in a research note on Monday, April 2nd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $62.00.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Glenmede Trust Co. NA boosted its stake in shares of KB Financial Group by 101.9% in the fourth quarter. Glenmede Trust Co. NA now owns 2,013 shares of the bank’s stock valued at $116,000 after purchasing an additional 1,016 shares during the period. Icon Wealth Partners LLC purchased a new position in KB Financial Group in the fourth quarter worth approximately $142,000. We Are One Seven LLC purchased a new position in KB Financial Group in the fourth quarter worth approximately $187,000. Checchi Capital Advisers LLC purchased a new position in KB Financial Group in the fourth quarter worth approximately $213,000. Finally, BB&T Securities LLC purchased a new position in KB Financial Group in the fourth quarter worth approximately $232,000. 5.77% of the stock is owned by institutional investors and hedge funds.
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About KB Financial Group
KB Financial Group Inc, a financial holding company, provides various banking and related financial services to individuals and corporations in South Korea and internationally. It operates through six segments: Retail Banking Operations, Corporate Banking Operations, Other Banking Operations, Credit Card Operations, Investment and Securities Operations, and Life Insurance Operations.
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