KB Financial Group (NYSE:KB) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of KB Financial Group (NYSE:KB) from a hold rating to a strong-buy rating in a report released on Wednesday,Zacks reports.

A number of other research analysts also recently commented on KB. The Goldman Sachs Group restated a “buy” rating on shares of KB Financial Group in a research note on Wednesday, July 1st. Weiss Ratings raised KB Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy”.

KB Financial Group Stock Down 3.0%

KB stock opened at $116.57 on Wednesday. The company has a 50 day moving average of $123.75 and a two-hundred day moving average of $114.84. The company has a market cap of $41.35 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.64 and a beta of 1.05. KB Financial Group has a 12-month low of $79.68 and a 12-month high of $133.29. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.53.

KB Financial Group (NYSE:KB) last posted its quarterly earnings results on Friday, August 14th. The bank reported $3.67 EPS for the quarter, beating the consensus estimate of $3.51 by $0.16. KB Financial Group had a net margin of 17.67% and a return on equity of 10.11%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.45 billion. On average, equities analysts anticipate that KB Financial Group will post 13.98 earnings per share for the current fiscal year.

Institutional Trading of KB Financial Group

Large investors have recently made changes to their positions in the stock. Eastern Bank boosted its position in KB Financial Group by 41.5% during the third quarter. Eastern Bank now owns 324 shares of the bank’s stock worth $40,000 after purchasing an additional 95 shares during the period. First Horizon Corp boosted its holdings in shares of KB Financial Group by 36.2% during the 1st quarter. First Horizon Corp now owns 489 shares of the bank’s stock worth $49,000 after buying an additional 130 shares during the period. V Square Quantitative Management LLC grew its stake in KB Financial Group by 90.0% in the 1st quarter. V Square Quantitative Management LLC now owns 496 shares of the bank’s stock valued at $49,000 after buying an additional 235 shares during the last quarter. Mather Group LLC. grew its stake in KB Financial Group by 2,358.3% in the 3rd quarter. Mather Group LLC. now owns 590 shares of the bank’s stock valued at $73,000 after buying an additional 566 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in KB Financial Group in the 1st quarter valued at $108,000. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korean financial holding company headquartered in Seoul. Established in 2008, the group operates through a broad network of financial subsidiaries led by KB Kookmin Bank, one of South Korea’s major commercial banks. Its American depositary shares trade on the New York Stock Exchange under the symbol “KB.”

KB Financial Group provides a wide range of financial products and services, including retail and commercial banking, corporate finance, credit cards, securities brokerage and investment banking, insurance, asset management, consumer finance, and savings banking.