Deutsche Bank AG Takes $1.15 Million Position in KB Financial Group Inc. (NYSE:KB)

Deutsche Bank AG purchased a new stake in shares of KB Financial Group Inc. (NYSE:KB) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 20,200 shares of the bank’s stock, valued at approximately $1,149,000.

A number of other hedge funds have also recently made changes to their positions in KB. Cetera Investment Advisers lifted its holdings in KB Financial Group by 7.4% during the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank’s stock worth $214,000 after buying an additional 258 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of KB Financial Group during the 4th quarter worth about $896,000. BNP Paribas Financial Markets lifted its stake in KB Financial Group by 62.9% during the fourth quarter. BNP Paribas Financial Markets now owns 20,072 shares of the bank’s stock worth $1,142,000 after purchasing an additional 7,753 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in KB Financial Group by 85.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,096 shares of the bank’s stock valued at $631,000 after purchasing an additional 5,103 shares in the last quarter. Finally, Triumph Capital Management acquired a new position in KB Financial Group in the fourth quarter valued at approximately $228,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Up 3.1%

Shares of NYSE:KB opened at $71.92 on Monday. KB Financial Group Inc. has a fifty-two week low of $46.38 and a fifty-two week high of $72.89. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The firm’s 50-day simple moving average is $59.29 and its 200-day simple moving average is $59.89. The company has a market cap of $28.30 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 0.52 and a beta of 0.98.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Thursday, April 24th. The bank reported $3.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.02). The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $4.45 billion. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. As a group, equities research analysts predict that KB Financial Group Inc. will post 8.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 21st.

About KB Financial Group

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.