KB Financial Group (KB) Upgraded to Hold by Zacks Investment Research

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Zacks Investment Research upgraded shares of KB Financial Group (NYSE:KB) from a sell rating to a hold rating in a research report sent to investors on Thursday.

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 equities analysts also recently weighed in on the stock. Credit Suisse Group started coverage on shares of KB Financial Group in a research note on Tuesday, October 23rd. They set an outperform rating for the company. Bank of America downgraded shares of KB Financial Group from a buy rating to a neutral rating and set a $61.00 price target for the company. in a research note on Thursday, August 30th.

Shares of NYSE KB opened at $42.20 on Thursday. KB Financial Group has a twelve month low of $39.22 and a twelve month high of $63.96. The firm has a market cap of $16.72 billion, a P/E ratio of 5.68, a PEG ratio of 1.15 and a beta of 1.27. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 2.34.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. increased its stake in KB Financial Group by 15.6% in the third quarter. Franklin Resources Inc. now owns 7,306,116 shares of the bank’s stock valued at $352,723,000 after purchasing an additional 987,646 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in KB Financial Group by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 4,388,176 shares of the bank’s stock valued at $211,837,000 after purchasing an additional 33,176 shares in the last quarter. Northern Trust Corp increased its stake in KB Financial Group by 3.6% in the second quarter. Northern Trust Corp now owns 1,309,896 shares of the bank’s stock valued at $60,884,000 after purchasing an additional 44,955 shares in the last quarter. Trinity Street Asset Management LLP grew its holdings in shares of KB Financial Group by 82.1% during the third quarter. Trinity Street Asset Management LLP now owns 1,247,022 shares of the bank’s stock valued at $60,206,000 after buying an additional 562,153 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of KB Financial Group by 95.5% during the second quarter. BlackRock Inc. now owns 696,270 shares of the bank’s stock valued at $32,362,000 after buying an additional 340,157 shares during the last quarter. 6.10% of the stock is owned by hedge funds and other 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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