Zacks Investment Research upgraded shares of KB Financial Group (NYSE:KB) from a hold rating to a buy rating in a research note released on Thursday morning. They currently have $70.00 target price on the bank’s stock.
According to Zacks, “KOOKMIN BANK, formerly KB Financial Group Inc., is a commercial bank in Korea. On the asset side, the Company provides credit and related financial services to individuals and small and medium sized enterprises and, to a lesser extent, to large corporate customers. On the deposit side, it provides a range of deposit products and related services to both individuals and enterprises of all sizes. “
Separately, TheStreet downgraded KB Financial Group from a b- rating to a c rating in a research report on Monday, November 27th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $70.00.
Several institutional investors have recently bought and sold shares of the company. Northern Trust Corp grew its position in shares of KB Financial Group by 3.9% in the second quarter. Northern Trust Corp now owns 1,168,613 shares of the bank’s stock valued at $59,004,000 after purchasing an additional 43,788 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of KB Financial Group by 2.1% in the second quarter. Vanguard Group Inc. now owns 1,140,173 shares of the bank’s stock valued at $57,567,000 after buying an additional 23,659 shares during the period. Aperio Group LLC boosted its stake in shares of KB Financial Group by 3.2% in the third quarter. Aperio Group LLC now owns 474,597 shares of the bank’s stock valued at $23,269,000 after buying an additional 14,906 shares during the period. Orbis Allan Gray Ltd boosted its stake in shares of KB Financial Group by 2.2% in the second quarter. Orbis Allan Gray Ltd now owns 412,024 shares of the bank’s stock valued at $20,803,000 after buying an additional 9,016 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of KB Financial Group by 6.7% in the third quarter. Wells Fargo & Company MN now owns 377,910 shares of the bank’s stock valued at $18,529,000 after buying an additional 23,827 shares during the period. 5.92% of the stock is currently owned by institutional investors.
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KB Financial Group Company Profile
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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