KB Financial Group (KB) Lowered to “Sell” at ValuEngine

KB Financial Group (NYSE:KB) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Separately, Zacks Investment Research upgraded KB Financial Group from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Wednesday, April 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $62.00.

NYSE KB traded down $2.54 during trading hours on Thursday, hitting $47.11. The company had a trading volume of 232,500 shares, compared to its average volume of 136,412. KB Financial Group has a 52 week low of $44.21 and a 52 week high of $63.96. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 2.30. The company has a market cap of $19.93 billion, a P/E ratio of 6.34 and a beta of 1.29.

A number of hedge funds and other institutional investors have recently modified their holdings of KB. BlackRock Inc. boosted its stake in KB Financial Group by 559.1% in the 1st quarter. BlackRock Inc. now owns 356,113 shares of the bank’s stock worth $20,634,000 after purchasing an additional 302,080 shares during the period. Wells Fargo & Company MN boosted its position in shares of KB Financial Group by 33.6% during the 4th quarter. Wells Fargo & Company MN now owns 504,824 shares of the bank’s stock valued at $29,537,000 after acquiring an additional 126,914 shares during the last quarter. Assetmark Inc. boosted its position in shares of KB Financial Group by 393.5% during the 4th quarter. Assetmark Inc. now owns 102,094 shares of the bank’s stock valued at $5,974,000 after acquiring an additional 81,406 shares during the last quarter. Todd Asset Management LLC bought a new stake in shares of KB Financial Group during the 1st quarter valued at about $3,314,000. Finally, Northern Trust Corp boosted its position in shares of KB Financial Group by 3.9% during the 1st quarter. Northern Trust Corp now owns 1,264,941 shares of the bank’s stock valued at $73,291,000 after acquiring an additional 47,968 shares during the last quarter. Institutional investors and hedge funds own 5.69% of the company’s stock.

About KB Financial Group

KB Financial Group Inc, a financial holding company, provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. It operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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