KB Financial Group Inc (NYSE:KB) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of KB Financial Group Inc (NYSE:KB) from a hold rating to a buy rating in a report published on Monday, July 24th.

Separately, Zacks Investment Research raised shares of KB Financial Group from a sell rating to a buy rating and set a $58.00 price target for the company in a research note on Friday, July 21st.

KB Financial Group (NYSE KB) opened at 49.51 on Monday. KB Financial Group has a 12 month low of $32.82 and a 12 month high of $54.36. The stock’s 50 day moving average is $51.26 and its 200 day moving average is $46.49. The company has a market cap of $19.63 billion, a PE ratio of 7.59 and a beta of 1.20.

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Large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its stake in KB Financial Group by 75.1% in the second quarter. BNP Paribas Arbitrage SA now owns 3,080 shares of the bank’s stock worth $156,000 after buying an additional 1,321 shares during the period. 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 period. Rothschild Investment Corp IL acquired a new stake in KB Financial Group during the first quarter worth $208,000. Advisor Group Inc. increased its stake in KB Financial Group by 45.2% in the second quarter. Advisor Group Inc. now owns 4,401 shares of the bank’s stock worth $220,000 after buying an additional 1,370 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in KB Financial Group during the first quarter worth $242,000. 6.16% of the stock is owned by institutional investors and hedge funds.

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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