Simplicity Solutions LLC Has $457,000 Stock Position in KB Financial Group Inc. (NYSE:KB)

Simplicity Solutions LLC boosted its stake in shares of KB Financial Group Inc. (NYSE:KB) by 14.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,048 shares of the bank’s stock after buying an additional 1,407 shares during the period. Simplicity Solutions LLC’s holdings in KB Financial Group were worth $457,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KB. Lazard Asset Management LLC raised its holdings in shares of KB Financial Group by 79.8% in the second quarter. Lazard Asset Management LLC now owns 2,959,952 shares of the bank’s stock valued at $107,741,000 after purchasing an additional 1,313,605 shares during the last quarter. BlackRock Inc. raised its holdings in shares of KB Financial Group by 36.1% in the second quarter. BlackRock Inc. now owns 2,434,596 shares of the bank’s stock valued at $88,619,000 after purchasing an additional 646,184 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of KB Financial Group by 86.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 600,940 shares of the bank’s stock valued at $29,344,000 after purchasing an additional 278,345 shares during the last quarter. Ramirez Asset Management Inc. acquired a new stake in shares of KB Financial Group in the third quarter valued at approximately $9,278,000. Finally, Royal Bank of Canada raised its holdings in shares of KB Financial Group by 263.6% in the second quarter. Royal Bank of Canada now owns 301,913 shares of the bank’s stock valued at $10,989,000 after purchasing an additional 218,885 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th.

KB Financial Group Price Performance

Shares of KB opened at $45.87 on Friday. The company has a market cap of $18.51 billion, a price-to-earnings ratio of 5.20, a PEG ratio of 0.37 and a beta of 1.04. KB Financial Group Inc. has a 1-year low of $35.20 and a 1-year high of $58.52. The company’s fifty day simple moving average is $51.12 and its 200 day simple moving average is $44.31. The company has a current ratio of 1.67, a quick ratio of 1.69 and a debt-to-equity ratio of 2.36.

KB Financial Group (NYSE:KB) last issued its earnings results on Wednesday, March 6th. The bank reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.21). The firm had revenue of $3.54 billion for the quarter. KB Financial Group had a return on equity of 7.72% and a net margin of 12.94%. On average, research analysts forecast that KB Financial Group Inc. will post 9.18 earnings per share for the current fiscal year.

KB Financial Group Company Profile

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.