TheStreet downgraded shares of KB Financial Group (NYSE:KB) from a b- rating to a c rating in a research report sent to investors on Monday, November 27th.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded KB Financial Group from a sell rating to a hold rating and set a $60.00 price objective on the stock in a report on Saturday, October 28th. BidaskClub downgraded KB Financial Group from a buy rating to a hold rating in a report on Friday, August 11th. Finally, J P Morgan Chase & Co initiated coverage on KB Financial Group in a research report on Wednesday, August 9th. They set an overweight rating for the company. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $60.00.
Shares of KB Financial Group (NYSE:KB) opened at $54.64 on Monday. The company has a market capitalization of $22,700.00, a PE ratio of 8.47, a P/E/G ratio of 0.40 and a beta of 1.18. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.14. KB Financial Group has a twelve month low of $35.11 and a twelve month high of $55.55.
Several institutional investors have recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in shares of KB Financial Group by 3.9% in the second quarter. Northern Trust Corp now owns 1,168,613 shares of the bank’s stock valued at $59,004,000 after buying an additional 43,788 shares during the period. Vanguard Group Inc. raised its position in shares of KB Financial Group by 2.1% during the second quarter. Vanguard Group Inc. now owns 1,140,173 shares of the bank’s stock worth $57,567,000 after purchasing an additional 23,659 shares during the period. Aperio Group LLC raised its position in shares of KB Financial Group by 3.2% during the third quarter. Aperio Group LLC now owns 474,597 shares of the bank’s stock worth $23,269,000 after purchasing an additional 14,906 shares during the period. Orbis Allan Gray Ltd raised its position in shares of KB Financial Group by 2.2% during the second quarter. Orbis Allan Gray Ltd now owns 412,024 shares of the bank’s stock worth $20,803,000 after purchasing an additional 9,016 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of KB Financial Group by 6.7% during the third quarter. Wells Fargo & Company MN now owns 377,910 shares of the bank’s stock worth $18,529,000 after purchasing an additional 23,827 shares during the period. Institutional investors and hedge funds own 5.70% of the company’s stock.
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KB Financial Group Company Profile
KB Financial Group Inc is a financial holding company in Korea. The Company’s operations include Kookmin Bank, a commercial bank in Korea. The Company operates through six business segments: retail banking operations, corporate banking operations, other banking operations, credit card operations, investment and securities operations, and life insurance operations.
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