KB Financial Group (KB) Lowered to C at TheStreet

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.

TRADEMARK VIOLATION NOTICE: This story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. & international trademark and copyright laws. The original version of this story can be viewed at https://www.dispatchtribunal.com/2017/12/09/kb-financial-group-kb-cut-to-c-at-thestreet.html.

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.

Receive News & Ratings for KB Financial Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Financial Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply