Capital International Investors Increases Stake in KB Financial Group Inc. (NYSE:KB)

Capital International Investors boosted its stake in shares of KB Financial Group Inc. (NYSE:KBFree Report) by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 235,708 shares of the bank’s stock after acquiring an additional 24,227 shares during the quarter. Capital International Investors owned 0.06% of KB Financial Group worth $9,842,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Hudson Edge Investment Partners Inc. purchased a new position in KB Financial Group during the fourth quarter valued at approximately $328,000. Campbell & CO Investment Adviser LLC purchased a new position in KB Financial Group during the fourth quarter valued at approximately $1,112,000. Team Hewins LLC purchased a new position in KB Financial Group during the fourth quarter valued at approximately $333,000. US Bancorp DE grew its holdings in KB Financial Group by 47.7% in the fourth quarter. US Bancorp DE now owns 21,303 shares of the bank’s stock valued at $881,000 after purchasing an additional 6,877 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in KB Financial Group by 17.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,794 shares of the bank’s stock valued at $240,000 after purchasing an additional 870 shares during the period. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

KB Financial Group Stock Up 0.9 %

Shares of KB opened at $56.81 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.25. KB Financial Group Inc. has a 12 month low of $35.20 and a 12 month high of $60.14. The stock’s 50 day moving average is $53.75 and its two-hundred day moving average is $48.03. The firm has a market cap of $22.92 billion, a P/E ratio of 7.09, a PEG ratio of 0.41 and a beta of 1.01.

KB Financial Group (NYSE:KBGet Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The bank reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.21). The firm had revenue of $3.54 billion during the quarter. KB Financial Group had a return on equity of 6.97% and a net margin of 11.65%. Analysts predict that KB Financial Group Inc. will post 9.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on KB Financial Group

About KB Financial Group

(Free Report)

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.

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Institutional Ownership by Quarter for KB Financial Group (NYSE:KB)

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