Rockefeller Capital Management L.P. Boosts Stock Holdings in KB Financial Group Inc. (NYSE:KB)

Rockefeller Capital Management L.P. boosted its stake in KB Financial Group Inc. (NYSE:KB – Get Rating) by 11.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 151,271 shares of the bank’s stock after purchasing an additional 15,629 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in KB Financial Group were worth $4,558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. B. Metzler seel. Sohn & Co. AG raised its stake in KB Financial Group by 33.7% during the second quarter. B. Metzler seel. Sohn & Co. AG now owns 6,687 shares of the bank’s stock valued at $249,000 after purchasing an additional 1,685 shares in the last quarter. Todd Asset Management LLC grew its position in KB Financial Group by 2.5% in the second quarter. Todd Asset Management LLC now owns 566,853 shares of the bank’s stock worth $21,087,000 after acquiring an additional 13,941 shares in the last quarter. Trinity Street Asset Management LLP increased its stake in KB Financial Group by 6.8% during the third quarter. Trinity Street Asset Management LLP now owns 2,048,308 shares of the bank’s stock worth $61,736,000 after acquiring an additional 129,643 shares during the last quarter. Advisory Research Inc. raised its position in KB Financial Group by 1.2% during the second quarter. Advisory Research Inc. now owns 256,577 shares of the bank’s stock valued at $9,545,000 after purchasing an additional 2,990 shares during the period. Finally, Deltec Asset Management LLC raised its position in KB Financial Group by 56.5% during the third quarter. Deltec Asset Management LLC now owns 18,000 shares of the bank’s stock valued at $543,000 after purchasing an additional 6,500 shares during the period. Institutional investors own 5.80% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, November 25th.

KB Financial Group Price Performance

KB Financial Group stock opened at $46.52 on Monday. KB Financial Group Inc. has a 12-month low of $30.14 and a 12-month high of $55.31. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.88. The firm has a 50-day moving average price of $40.56 and a 200-day moving average price of $37.03. The firm has a market capitalization of $19.02 billion, a PE ratio of 5.08, a price-to-earnings-growth ratio of 0.55 and a beta of 0.90.

KB Financial Group (NYSE:KB – Get Rating) last announced its quarterly earnings data on Tuesday, October 25th. The bank reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.04. The business had revenue of $3.12 billion during the quarter. KB Financial Group had a net margin of 20.82% and a return on equity of 13.14%. As a group, equities research analysts forecast that KB Financial Group Inc. will post 8.51 EPS for the current year.

KB Financial Group Profile

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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.