KB Financial Group (NYSE:KB) Lowered to Hold Rating by StockNews.com

KB Financial Group (NYSE:KB) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

KB Financial Group Price Performance

Shares of KB opened at $61.69 on Monday. The firm’s 50-day simple moving average is $54.94 and its two-hundred day simple moving average is $60.05. KB Financial Group has a fifty-two week low of $46.38 and a fifty-two week high of $72.89. The stock has a market cap of $24.28 billion, a PE ratio of 7.19, a price-to-earnings-growth ratio of 0.52 and a beta of 0.92. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66.

KB Financial Group (NYSE:KB) last posted 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 net margin of 12.33% and a return on equity of 7.71%. The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $4.45 billion. Analysts anticipate that KB Financial Group will post 8.87 earnings per share for the current fiscal year.

Institutional Trading of KB Financial Group

Several institutional investors have recently bought and sold shares of the company. Hudson Edge Investment Partners Inc. lifted its stake in shares of KB Financial Group by 5.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock worth $198,000 after buying an additional 168 shares in the last quarter. Seeds Investor LLC lifted its position in KB Financial Group by 2.9% in the 4th quarter. Seeds Investor LLC now owns 6,923 shares of the bank’s stock valued at $394,000 after acquiring an additional 195 shares in the last quarter. Candriam S.C.A. boosted its stake in KB Financial Group by 1.9% during the 4th quarter. Candriam S.C.A. now owns 10,679 shares of the bank’s stock valued at $608,000 after purchasing an additional 200 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of KB Financial Group by 7.4% in the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank’s stock worth $214,000 after purchasing an additional 258 shares in the last quarter. Finally, PDS Planning Inc raised its stake in shares of KB Financial Group by 3.5% in the first quarter. PDS Planning Inc now owns 8,024 shares of the bank’s stock worth $434,000 after purchasing an additional 271 shares during the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

KB Financial Group Company Profile

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.