KB Financial Group (NYSE:KB) Raised to Buy at StockNews.com

Posted by on Apr 11th, 2023

StockNews.com upgraded shares of KB Financial Group (NYSE:KB – Get Rating) from a hold rating to a buy rating in a research report report published on Monday.

Separately, Bank of America decreased their price target on KB Financial Group from $55.38 to $46.15 in a report on Wednesday, March 1st.

KB Financial Group Stock Down 0.5 %

KB stock opened at $35.48 on Monday. The stock has a market capitalization of $14.51 billion, a PE ratio of 4.20, a price-to-earnings-growth ratio of 0.61 and a beta of 0.95. The company has a quick ratio of 1.73, a current ratio of 1.69 and a debt-to-equity ratio of 2.83. The firm has a 50 day moving average of $38.99 and a 200 day moving average of $38.32. KB Financial Group has a 52 week low of $30.14 and a 52 week high of $49.67.

Hedge Funds Weigh In On KB Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of KB. Nordwand Advisors LLC purchased a new stake in KB Financial Group in the fourth quarter valued at $4,962,000. Teachers Retirement System of The State of Kentucky boosted its stake in KB Financial Group by 26.5% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 214,730 shares of the bank’s stock worth $8,301,000 after buying an additional 45,000 shares during the period. DGS Capital Management LLC increased its position in shares of KB Financial Group by 51.3% during the fourth quarter. DGS Capital Management LLC now owns 12,736 shares of the bank’s stock valued at $492,000 after acquiring an additional 4,316 shares during the last quarter. CI Private Wealth LLC purchased a new stake in shares of KB Financial Group in the 4th quarter valued at approximately $308,000. Finally, Thomas White International Ltd. boosted its position in shares of KB Financial Group by 3.0% during the 4th quarter. Thomas White International Ltd. now owns 220,800 shares of the bank’s stock worth $8,536,000 after purchasing an additional 6,493 shares during the period. 5.80% of the stock is currently owned by institutional investors and hedge funds.

About KB Financial Group

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KB Financial Group, Inc engages in providing financial services through its subsidiaries. It operates through the following segments: Corporate Banking, Retail Banking, Other Banking Services, Credit Card, Life Insurance, Investment and Securities business. The Corporate Banking business segment provides services such as loans, overdrafts, deposits, credit facilities and other foreign currency activities.

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