KB Financial Group (NYSE:KB) Downgraded by StockNews.com

KB Financial Group (NYSE:KB – Get Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Shares of KB stock opened at $46.85 on Friday. KB Financial Group has a 52-week low of $42.29 and a 52-week high of $55.31. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a market capitalization of $19.32 billion, a P/E ratio of 4.79 and a beta of 0.77. The stock has a 50 day moving average price of $47.50 and a 200 day moving average price of $48.58.

KB Financial Group (NYSE:KB – Get Rating) last issued its quarterly earnings results on Tuesday, February 8th. The bank reported $1.31 earnings per share (EPS) for the quarter. KB Financial Group had a return on equity of 9.85% and a net margin of 23.47%. The firm had revenue of $3.26 billion during the quarter.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Balentine LLC bought a new stake in KB Financial Group during the 1st quarter valued at $209,000. Quadrant Capital Group LLC raised its position in KB Financial Group by 3.4% during the 1st quarter. Quadrant Capital Group LLC now owns 10,577 shares of the bank’s stock valued at $516,000 after purchasing an additional 343 shares in the last quarter. Advisor Group Holdings Inc. raised its position in shares of KB Financial Group by 19.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 45,353 shares of the bank’s stock worth $2,179,000 after acquiring an additional 7,394 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of KB Financial Group by 14.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 193,139 shares of the bank’s stock worth $9,431,000 after acquiring an additional 24,662 shares in the last quarter. Finally, abrdn plc bought a new position in shares of KB Financial Group in the 1st quarter worth $420,000. 5.17% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Company Profile (Get Rating)

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. The company 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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