KB Financial Group (NYSE:KB) Upgraded to Buy by Bank of America

Bank of America upgraded shares of KB Financial Group (NYSE:KB) from a neutral rating to a buy rating in a report issued on Monday, Briefing.com Automated Import reports.

A number of other equities research analysts have also recently issued reports on the stock. Citigroup cut shares of KB Financial Group from a buy rating to a neutral rating in a report on Wednesday, October 23rd. Zacks Investment Research cut shares of KB Financial Group from a buy rating to a hold rating in a report on Tuesday, August 13th. Finally, ValuEngine upgraded shares of KB Financial Group from a sell rating to a hold rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $41.00.

Shares of KB Financial Group stock traded up $0.51 on Monday, hitting $38.62. 94,751 shares of the company traded hands, compared to its average volume of 149,977. The company has a market cap of $15.75 billion, a PE ratio of 5.53, a PEG ratio of 1.81 and a beta of 0.83. KB Financial Group has a 12-month low of $30.83 and a 12-month high of $43.69. The company has a 50-day moving average price of $36.40 and a 200 day moving average price of $36.50. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 2.17.

A number of hedge funds have recently added to or reduced their stakes in KB. Berman Capital Advisors LLC boosted its holdings in KB Financial Group by 93.3% during the second quarter. Berman Capital Advisors LLC now owns 638 shares of the bank’s stock valued at $25,000 after acquiring an additional 308 shares during the period. Marshall Wace LLP bought a new stake in KB Financial Group during the first quarter valued at about $34,000. Lindbrook Capital LLC raised its position in shares of KB Financial Group by 43.0% during the second quarter. Lindbrook Capital LLC now owns 1,025 shares of the bank’s stock valued at $40,000 after buying an additional 308 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of KB Financial Group during the second quarter valued at about $56,000. Finally, Quantamental Technologies LLC raised its position in shares of KB Financial Group by 119.6% during the second quarter. Quantamental Technologies LLC now owns 1,976 shares of the bank’s stock valued at $78,000 after buying an additional 1,076 shares during the last quarter. Institutional investors own 7.00% 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.

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