KB Financial Group Inc. (NYSE:KB – Get Rating) reached a new 52-week low on Tuesday . The stock traded as low as $39.80 and last traded at $40.03, with a volume of 924 shares changing hands. The stock had previously closed at $40.51.
A number of equities analysts recently commented on the company. The Goldman Sachs Group downgraded KB Financial Group from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, May 18th. StockNews.com cut KB Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 23rd.
The firm has a 50 day simple moving average of $46.32 and a 200-day simple moving average of $48.14. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $16.61 billion, a price-to-earnings ratio of 4.14 and a beta of 0.76.
Hedge funds and other institutional investors have recently modified their holdings of the company. Stonnington Group LLC purchased a new position in KB Financial Group in the fourth quarter valued at $1,249,000. Allianz Asset Management GmbH boosted its holdings in KB Financial Group by 30.8% in the fourth quarter. Allianz Asset Management GmbH now owns 15,637 shares of the bank’s stock valued at $722,000 after purchasing an additional 3,681 shares during the period. American Century Companies Inc. boosted its holdings in KB Financial Group by 22.4% in the fourth quarter. American Century Companies Inc. now owns 85,825 shares of the bank’s stock valued at $3,962,000 after purchasing an additional 15,696 shares during the period. UBS Group AG boosted its holdings in KB Financial Group by 245.2% in the third quarter. UBS Group AG now owns 355,474 shares of the bank’s stock valued at $16,497,000 after purchasing an additional 252,502 shares during the period. Finally, Trinity Street Asset Management LLP boosted its holdings in KB Financial Group by 4.1% in the fourth quarter. Trinity Street Asset Management LLP now owns 2,063,244 shares of the bank’s stock valued at $95,239,000 after purchasing an additional 81,177 shares during the period. 5.17% of the stock is owned by institutional investors and hedge funds.
About KB Financial Group (NYSE:KB)
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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