Wall Street Zen Upgrades KB Financial Group (NYSE:KB) to Buy

KB Financial Group (NYSE:KB) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other equities research analysts have also recently issued reports on KB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research report on Monday, December 29th. Zacks Research upgraded KB Financial Group from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

KB Financial Group Stock Performance

NYSE:KB opened at $99.35 on Friday. The stock has a market capitalization of $37.04 billion, a PE ratio of 9.31, a P/E/G ratio of 0.61 and a beta of 1.07. KB Financial Group has a fifty-two week low of $46.38 and a fifty-two week high of $119.71. The company has a fifty day moving average of $100.57 and a two-hundred day moving average of $89.63. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.65 and a current ratio of 1.64.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Saturday, January 31st. The bank reported $1.43 earnings per share (EPS) for the quarter. KB Financial Group had a net margin of 17.16% and a return on equity of 9.67%. As a group, research analysts forecast that KB Financial Group will post 8.87 earnings per share for the current fiscal year.

Institutional Trading of KB Financial Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Corient Private Wealth LLC lifted its holdings in shares of KB Financial Group by 6.7% in the 4th quarter. Corient Private Wealth LLC now owns 17,794 shares of the bank’s stock valued at $1,531,000 after buying an additional 1,118 shares during the period. Groupama Asset Managment grew its holdings in KB Financial Group by 1.8% during the fourth quarter. Groupama Asset Managment now owns 19,824 shares of the bank’s stock worth $1,706,000 after acquiring an additional 346 shares during the period. DGS Capital Management LLC raised its position in KB Financial Group by 2.1% in the fourth quarter. DGS Capital Management LLC now owns 23,074 shares of the bank’s stock worth $1,985,000 after acquiring an additional 475 shares in the last quarter. SG Trading Solutions LLC purchased a new position in KB Financial Group in the fourth quarter worth $563,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in KB Financial Group in the fourth quarter valued at $85,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.