Cerity Partners LLC Increases Position in KB Financial Group Inc. (NYSE:KB)

Cerity Partners LLC increased its stake in shares of KB Financial Group Inc. (NYSE:KB) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,858 shares of the bank’s stock after buying an additional 1,039 shares during the period. Cerity Partners LLC’s holdings in KB Financial Group were worth $946,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in KB. SVB Wealth LLC grew its stake in KB Financial Group by 4.3% in the 3rd quarter. SVB Wealth LLC now owns 6,689 shares of the bank’s stock valued at $275,000 after acquiring an additional 273 shares during the last quarter. Rhumbline Advisers increased its stake in shares of KB Financial Group by 0.3% during the 3rd quarter. Rhumbline Advisers now owns 108,219 shares of the bank’s stock worth $4,449,000 after purchasing an additional 334 shares in the last quarter. CWM LLC raised its position in shares of KB Financial Group by 18.9% during the 3rd quarter. CWM LLC now owns 2,144 shares of the bank’s stock worth $88,000 after purchasing an additional 341 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in KB Financial Group by 6.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,093 shares of the bank’s stock valued at $252,000 after buying an additional 394 shares in the last quarter. Finally, PDS Planning Inc grew its holdings in KB Financial Group by 5.5% during the 3rd quarter. PDS Planning Inc now owns 8,628 shares of the bank’s stock valued at $355,000 after buying an additional 446 shares during the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

KB Financial Group Trading Up 7.9 %

Shares of KB Financial Group stock opened at $49.87 on Tuesday. The firm has a market cap of $20.12 billion, a PE ratio of 5.65, a P/E/G ratio of 0.37 and a beta of 1.03. The company has a quick ratio of 1.69, a current ratio of 1.67 and a debt-to-equity ratio of 2.36. KB Financial Group Inc. has a fifty-two week low of $35.20 and a fifty-two week high of $58.52. The business’s fifty day moving average is $50.98 and its two-hundred day moving average is $44.48.

KB Financial Group (NYSE:KB) last released its earnings results on Wednesday, March 6th. The bank reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.21). The business 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%. Analysts anticipate that KB Financial Group Inc. will post 9.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

KB Financial Group 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.