KB Financial Group (KB) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of KB Financial Group (NYSE:KB) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning. They currently have $69.00 price target on the bank’s stock.

According to Zacks, “KOOKMIN BANK, formerly KB Financial Group Inc., is a commercial bank in Korea. On the asset side, the Company provides credit and related financial services to individuals and small and medium sized enterprises and, to a lesser extent, to large corporate customers. On the deposit side, it provides a range of deposit products and related services to both individuals and enterprises of all sizes. “

Separately, TheStreet downgraded shares of KB Financial Group from a b- rating to a c rating in a research report on Monday, November 27th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $69.00.

KB Financial Group (NYSE:KB) traded up $0.38 during mid-day trading on Wednesday, reaching $63.72. 129,059 shares of the company’s stock traded hands, compared to its average volume of 95,888. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market capitalization of $25,551.91, a P/E ratio of 9.89, a price-to-earnings-growth ratio of 0.45 and a beta of 1.20. KB Financial Group has a 12 month low of $37.03 and a 12 month high of $63.96.

A number of hedge funds have recently bought and sold shares of KB. Hermes Investment Management Ltd. bought a new stake in KB Financial Group in the third quarter worth approximately $8,757,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of KB Financial Group by 49.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 357,279 shares of the bank’s stock worth $18,039,000 after buying an additional 118,515 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of KB Financial Group by 122.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 126,239 shares of the bank’s stock worth $6,190,000 after buying an additional 69,500 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of KB Financial Group during the 3rd quarter worth $2,973,000. Finally, Northern Trust Corp boosted its holdings in shares of KB Financial Group by 3.9% during the 2nd quarter. Northern Trust Corp now owns 1,168,613 shares of the bank’s stock worth $59,004,000 after buying an additional 43,788 shares during the period. 5.92% of the stock is owned by institutional investors.

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About KB Financial Group

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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