Raymond James Financial Services Advisors Inc. Increases Stake in KB Financial Group Inc. (NYSE:KB)

Raymond James Financial Services Advisors Inc. increased its position in shares of KB Financial Group Inc. (NYSE:KB) by 6.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,093 shares of the bank’s stock after purchasing an additional 394 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in KB Financial Group were worth $252,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in KB. SVB Wealth LLC increased its stake in KB Financial Group by 4.3% in the third quarter. SVB Wealth LLC now owns 6,689 shares of the bank’s stock worth $275,000 after purchasing an additional 273 shares during the period. Rhumbline Advisers increased its stake in KB Financial Group by 0.3% in the 3rd quarter. Rhumbline Advisers now owns 108,219 shares of the bank’s stock worth $4,449,000 after buying an additional 334 shares during the period. CWM LLC increased its stake in KB Financial Group by 18.9% in the 3rd quarter. CWM LLC now owns 2,144 shares of the bank’s stock worth $88,000 after buying an additional 341 shares during the period. PDS Planning Inc lifted 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 in the last quarter. Finally, Schechter Investment Advisors LLC boosted its position in KB Financial Group by 8.0% in the 3rd quarter. Schechter Investment Advisors LLC now owns 6,940 shares of the bank’s stock valued at $285,000 after buying an additional 514 shares during the period. 11.52% of the stock is currently owned by institutional investors.

KB Financial Group Trading Up 1.8 %

KB opened at $50.83 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 1.67 and a debt-to-equity ratio of 2.36. The stock’s fifty day moving average is $50.99 and its two-hundred day moving average is $44.54. The company has a market capitalization of $20.51 billion, a P/E ratio of 5.76, a PEG ratio of 0.37 and a beta of 1.03. KB Financial Group Inc. has a 52 week low of $35.20 and a 52 week high of $58.52.

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

Analyst Ratings Changes

Separately, StockNews.com raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a research report 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.