The KB Financial Group Inc (NYSE:KB) Rating Lowered to Hold at BidaskClub

The KB Financial Group Inc (NYSE:KB) Rating Lowered to Hold at BidaskClub

KB Financial Group (NYSE:KB) traded down 2.05% during mid-day trading on Friday, reaching $52.50. 236,064 shares of the company’s stock were exchanged. KB Financial Group has a one year low of $31.32 and a one year high of $54.36. The company’s 50-day moving average is $50.49 and its 200 day moving average is $45.55. The firm has a market capitalization of $20.82 billion, a P/E ratio of 8.12 and a beta of 1.20.

KB Financial Group Inc (NYSE:KB) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Saturday, July 8th.

A number of institutional investors have recently added to or reduced their stakes in KB. World Asset Management Inc raised its position in shares of KB Financial Group by 0.4% in the second quarter. World Asset Management Inc now owns 24,624 shares of the bank’s stock worth $1,243,000 after buying an additional 103 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in KB Financial Group by 1.8% in the second quarter. Wetherby Asset Management Inc. now owns 23,690 shares of the bank’s stock worth $1,196,000 after buying an additional 408 shares during the last quarter. US Bancorp DE increased its stake in KB Financial Group by 12.9% in the first quarter. US Bancorp DE now owns 4,636 shares of the bank’s stock worth $204,000 after buying an additional 528 shares during the last quarter. Eqis Capital Management Inc. increased its stake in KB Financial Group by 2.8% in the first quarter. Eqis Capital Management Inc. now owns 21,722 shares of the bank’s stock worth $955,000 after buying an additional 597 shares during the last quarter. Finally, Sei Investments Co. increased its stake in KB Financial Group by 10.0% in the first quarter. Sei Investments Co. now owns 7,354 shares of the bank’s stock worth $323,000 after buying an additional 670 shares during the last quarter. Hedge funds and other institutional investors own 6.26% of the company’s stock.

About KB Financial Group

KB Financial Group Inc is a financial holding company in Korea. The Company’s operations include Kookmin Bank, a commercial bank in Korea. The Company operates through six business segments: retail banking operations, corporate banking operations, other banking operations, credit card operations, investment and securities operations, and life insurance operations.

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