Zacks Investment Research upgraded shares of KB Financial Group (NYSE:KB) from a sell rating to a hold rating in a report issued on Friday morning.
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. “
A number of other brokerages have also commented on KB. Credit Suisse Group started coverage on shares of KB Financial Group in a report on Tuesday, October 23rd. They issued an outperform rating on the stock. Bank of America lowered shares of KB Financial Group from a buy rating to a neutral rating and set a $61.00 price target on the stock. in a report on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. KB Financial Group presently has a consensus rating of Hold and a consensus price target of $61.50.
Several institutional investors have recently made changes to their positions in KB. Stelac Advisory Services LLC purchased a new stake in shares of KB Financial Group in the 3rd quarter valued at $105,000. Millennium Management LLC purchased a new stake in KB Financial Group during the 1st quarter valued at $208,000. JPMorgan Chase & Co. boosted its position in KB Financial Group by 50.9% during the 1st quarter. JPMorgan Chase & Co. now owns 4,813 shares of the bank’s stock valued at $279,000 after buying an additional 1,624 shares during the period. Renaissance Technologies LLC purchased a new stake in KB Financial Group during the 2nd quarter valued at $367,000. Finally, Cynosure Advisors LLC boosted its position in KB Financial Group by 43.0% during the 2nd quarter. Cynosure Advisors LLC now owns 8,507 shares of the bank’s stock valued at $395,000 after buying an additional 2,560 shares during the period. 5.84% of the stock is owned by institutional investors.
KB Financial Group Company Profile
KB Financial Group Inc, a financial holding company, provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. It operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.
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