KB Financial Group (NYSE:KB) Stock Rating Lowered by The Goldman Sachs Group

KB Financial Group (NYSE:KBGet Rating) was downgraded by analysts at The Goldman Sachs Group from a “conviction-buy” rating to a “buy” rating in a research note issued to investors on Wednesday, The Fly reports.

Separately, StockNews.com raised shares of KB Financial Group from a “buy” rating to a “strong-buy” rating in a report on Sunday.

Shares of NYSE:KB traded down $0.88 during trading on Wednesday, hitting $45.62. 4,200 shares of the stock traded hands, compared to its average volume of 182,636. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.57. The company has a market cap of $18.81 billion, a price-to-earnings ratio of 4.66 and a beta of 0.77. The company has a fifty day moving average price of $47.44 and a two-hundred day moving average price of $48.39. KB Financial Group has a 52-week low of $42.29 and a 52-week high of $55.31.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nomura Holdings Inc. purchased a new stake in KB Financial Group in the 1st quarter worth $3,719,000. Advisors Asset Management Inc. increased its holdings in KB Financial Group by 224.4% in the 1st quarter. Advisors Asset Management Inc. now owns 10,356 shares of the bank’s stock worth $506,000 after acquiring an additional 7,164 shares in the last quarter. Jane Street Group LLC purchased a new stake in KB Financial Group in the 1st quarter worth $4,506,000. Royal Bank of Canada boosted its stake in KB Financial Group by 6.5% during the 1st quarter. Royal Bank of Canada now owns 82,559 shares of the bank’s stock worth $4,030,000 after purchasing an additional 5,069 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in KB Financial Group by 25.7% during the 1st quarter. Evergreen Capital Management LLC now owns 6,551 shares of the bank’s stock worth $320,000 after purchasing an additional 1,341 shares during the last quarter. 5.17% of the stock is owned by institutional investors.

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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