KB Financial Group (NYSE:KB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
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 shares of KB Financial Group from a “b-” rating to a “c” rating in a research report on Monday, November 27th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $70.00.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its position in shares of KB Financial Group by 75.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,080 shares of the bank’s stock valued at $156,000 after buying an additional 1,321 shares during the last quarter. Simplex Trading LLC grew its position in shares of KB Financial Group by 1,773.8% in the 3rd quarter. Simplex Trading LLC now owns 3,654 shares of the bank’s stock valued at $179,000 after buying an additional 3,459 shares during the last quarter. Advisor Group Inc. grew its position in shares of KB Financial Group by 45.2% in the 2nd quarter. Advisor Group Inc. now owns 4,401 shares of the bank’s stock valued at $220,000 after buying an additional 1,370 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of KB Financial Group in the 3rd quarter valued at $286,000. Finally, Eagle Asset Management Inc. boosted its stake in KB Financial Group by 15.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 8,238 shares of the bank’s stock worth $405,000 after purchasing an additional 1,117 shares during the period. 5.92% of the stock is currently owned by hedge funds and other institutional investors.
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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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