KB Financial Group (NYSE:KB) Downgraded by Zacks Investment Research

KB Financial Group (NYSE:KB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday, January 19th.

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 lowered KB Financial Group from a “b-” rating to a “c” rating in a research note on Monday, November 27th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $71.00.

Shares of KB Financial Group (NYSE KB) traded up $2.24 on Friday, hitting $60.57. The stock had a trading volume of 124,453 shares, compared to its average volume of 140,096. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market capitalization of $23,795.52, a PE ratio of 9.41, a PEG ratio of 0.41 and a beta of 1.27. KB Financial Group has a 12-month low of $40.59 and a 12-month high of $63.96.

Several large investors have recently added to or reduced their stakes in the company. Northern Trust Corp lifted its stake in KB Financial Group by 3.9% in the second quarter. Northern Trust Corp now owns 1,168,613 shares of the bank’s stock worth $59,004,000 after acquiring an additional 43,788 shares during the period. Vanguard Group Inc. lifted its stake in KB Financial Group by 2.1% in the second quarter. Vanguard Group Inc. now owns 1,140,173 shares of the bank’s stock worth $57,567,000 after acquiring an additional 23,659 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in KB Financial Group by 2.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 680,400 shares of the bank’s stock worth $39,810,000 after acquiring an additional 17,087 shares during the period. Aperio Group LLC lifted its stake in KB Financial Group by 6.8% in the fourth quarter. Aperio Group LLC now owns 506,770 shares of the bank’s stock worth $29,651,000 after acquiring an additional 32,173 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in KB Financial Group by 33.6% in the fourth quarter. Wells Fargo & Company MN now owns 504,824 shares of the bank’s stock worth $29,537,000 after purchasing an additional 126,914 shares in the last quarter. 5.93% of the stock is owned by hedge funds and other 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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