KB Financial Group (NYSE:KB) Stock Rating Upgraded by StockNews.com

KB Financial Group (NYSE:KB) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Separately, Morgan Stanley upgraded shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th.

KB Financial Group Stock Down 2.1 %

Shares of NYSE KB opened at $56.94 on Tuesday. The company has a market capitalization of $22.41 billion, a P/E ratio of 6.64, a price-to-earnings-growth ratio of 0.46 and a beta of 0.99. KB Financial Group has a 52-week low of $45.59 and a 52-week high of $72.89. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The company’s 50 day moving average price is $59.99 and its 200-day moving average price is $63.10.

Institutional Trading of KB Financial Group

Several institutional investors and hedge funds have recently made changes to their positions in KB. SG Americas Securities LLC purchased a new position in shares of KB Financial Group in the fourth quarter worth about $856,000. Creative Planning boosted its position in shares of KB Financial Group by 9.5% in the third quarter. Creative Planning now owns 86,130 shares of the bank’s stock valued at $5,319,000 after acquiring an additional 7,494 shares during the period. FMR LLC boosted its position in shares of KB Financial Group by 121.6% in the third quarter. FMR LLC now owns 33,642 shares of the bank’s stock valued at $2,077,000 after acquiring an additional 18,459 shares during the period. Cerity Partners LLC lifted its position in KB Financial Group by 69.6% during the third quarter. Cerity Partners LLC now owns 34,134 shares of the bank’s stock valued at $2,108,000 after purchasing an additional 14,008 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in KB Financial Group by 30.5% during the fourth quarter. Blue Trust Inc. now owns 36,868 shares of the bank’s stock valued at $2,277,000 after purchasing an additional 8,625 shares during the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

About KB Financial Group

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.