KB Financial Group (NYSE:KB) Rating Increased 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 note issued to investors on Saturday.

A number of other research firms also recently issued reports on KB. Zacks Research raised KB Financial Group from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

KB Financial Group Stock Up 0.0%

KB Financial Group stock opened at $99.35 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.65 and a debt-to-equity ratio of 2.48. KB Financial Group has a 1-year low of $46.38 and a 1-year high of $119.71. The company has a fifty day simple moving average of $100.57 and a 200 day simple moving average of $89.47. The company has a market cap of $37.04 billion, a P/E ratio of 9.31, a price-to-earnings-growth ratio of 0.61 and a beta of 1.08.

KB Financial Group (NYSE:KB) last issued its quarterly earnings results on Saturday, January 31st. The bank reported $1.43 EPS for the quarter. KB Financial Group had a net margin of 17.16% and a return on equity of 9.67%. Research analysts anticipate that KB Financial Group will post 8.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Seeds Investor LLC lifted its stake in KB Financial Group by 1.8% in the 4th quarter. Seeds Investor LLC now owns 6,606 shares of the bank’s stock valued at $568,000 after purchasing an additional 114 shares during the last quarter. HighTower Advisors LLC increased its position in KB Financial Group by 2.1% during the fourth quarter. HighTower Advisors LLC now owns 5,821 shares of the bank’s stock worth $501,000 after buying an additional 118 shares during the last quarter. Drive Wealth Management LLC raised its stake in KB Financial Group by 3.5% in the fourth quarter. Drive Wealth Management LLC now owns 3,515 shares of the bank’s stock valued at $302,000 after buying an additional 120 shares during the period. Signaturefd LLC lifted its position in shares of KB Financial Group by 0.5% in the third quarter. Signaturefd LLC now owns 25,927 shares of the bank’s stock valued at $2,150,000 after buying an additional 133 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of KB Financial Group by 9.8% in the fourth quarter. Allworth Financial LP now owns 1,519 shares of the bank’s stock valued at $131,000 after buying an additional 135 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

About KB Financial Group

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.