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

KB Financial Group (NYSE:KB) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

KB Financial Group Stock Performance

KB opened at $69.71 on Wednesday. KB Financial Group has a 12-month low of $46.38 and a 12-month high of $72.89. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. The firm has a market capitalization of $27.43 billion, a PE ratio of 8.13, a P/E/G ratio of 0.52 and a beta of 0.98. The firm has a 50 day moving average of $58.96 and a two-hundred day moving average of $59.96.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Thursday, April 24th. The bank reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.02). KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $4.45 billion. On average, analysts anticipate that KB Financial Group will post 8.87 EPS for the current year.

Institutional Trading of KB Financial Group

Several hedge funds and other institutional investors have recently bought and sold shares of KB. Northern Trust Corp increased its holdings in KB Financial Group by 310.0% in the fourth quarter. Northern Trust Corp now owns 912,529 shares of the bank’s stock valued at $51,923,000 after buying an additional 689,979 shares in the last quarter. Ranmore Fund Management Ltd purchased a new stake in shares of KB Financial Group during the 1st quarter worth about $12,746,000. Raymond James Financial Inc. acquired a new stake in shares of KB Financial Group during the 4th quarter valued at about $7,301,000. Silvercrest Asset Management Group LLC purchased a new position in shares of KB Financial Group in the 4th quarter valued at about $5,489,000. Finally, Mirabella Financial Services LLP purchased a new position in shares of KB Financial Group in the 4th quarter valued at about $5,000,000. 11.52% of the stock is owned by institutional investors and hedge funds.

About KB Financial Group

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.