Bank of America Cuts KB Financial Group (NYSE:KB) Price Target to $46.15

KB Financial Group (NYSE:KBGet Rating) had its target price trimmed by Bank of America from $55.38 to $46.15 in a research report sent to investors on Wednesday, The Fly reports.

Separately, upgraded shares of KB Financial Group from a hold rating to a buy rating in a report on Friday, November 25th.

KB Financial Group Price Performance

NYSE KB opened at $38.95 on Wednesday. The stock has a market capitalization of $15.93 billion, a P/E ratio of 4.25, a P/E/G ratio of 0.65 and a beta of 0.96. KB Financial Group has a 1 year low of $30.14 and a 1 year high of $50.32. The business’s fifty day moving average is $42.82 and its two-hundred day moving average is $38.22. The company has a debt-to-equity ratio of 2.88, a quick ratio of 1.73 and a current ratio of 1.73.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KB. BNP Paribas Arbitrage SA raised its position in KB Financial Group by 156.1% in the first quarter. BNP Paribas Arbitrage SA now owns 625 shares of the bank’s stock worth $31,000 after purchasing an additional 381 shares in the last quarter. Ronald Blue Trust Inc. acquired a new position in KB Financial Group in the second quarter worth about $47,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of KB Financial Group during the fourth quarter worth approximately $73,000. JBF Capital Inc. acquired a new stake in shares of KB Financial Group during the second quarter worth approximately $74,000. Finally, Captrust Financial Advisors grew its stake in shares of KB Financial Group by 38.4% during the second quarter. Captrust Financial Advisors now owns 2,698 shares of the bank’s stock valued at $100,000 after purchasing an additional 748 shares during the last quarter. Institutional investors and hedge funds own 5.80% of the company’s stock.

KB Financial Group Company Profile

(Get Rating)

KB Financial Group, Inc engages in providing financial services through its subsidiaries. It operates through the following segments: Corporate Banking, Retail Banking, Other Banking Services, Credit Card, Life Insurance, Investment and Securities business. The Corporate Banking business segment provides services such as loans, overdrafts, deposits, credit facilities and other foreign currency activities.

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