GAMMA Investing LLC Raises Position in KB Financial Group Inc. (NYSE:KB)

GAMMA Investing LLC boosted its holdings in KB Financial Group Inc. (NYSE:KB) by 3,678.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,320 shares of the bank’s stock after purchasing an additional 47,041 shares during the period. GAMMA Investing LLC’s holdings in KB Financial Group were worth $2,615,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG bought a new stake in shares of KB Financial Group during the 4th quarter worth $1,149,000. D. E. Shaw & Co. Inc. grew its position in shares of KB Financial Group by 40.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 18,949 shares of the bank’s stock valued at $1,078,000 after purchasing an additional 5,427 shares during the last quarter. Vise Technologies Inc. grew its position in KB Financial Group by 253.1% during the fourth quarter. Vise Technologies Inc. now owns 21,208 shares of the bank’s stock worth $1,207,000 after buying an additional 15,202 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of KB Financial Group in the 4th quarter valued at $7,301,000. Finally, HighTower Advisors LLC acquired a new position in shares of KB Financial Group in the 4th quarter worth approximately $933,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

Wall Street Analyst Weigh In

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

KB Financial Group Trading Up 0.5%

NYSE KB opened at $79.45 on Friday. KB Financial Group Inc. has a 12 month low of $46.38 and a 12 month high of $81.63. The stock has a 50-day simple moving average of $65.44 and a 200 day simple moving average of $60.94. The company has a market capitalization of $31.27 billion, a PE ratio of 9.26, a P/E/G ratio of 0.52 and a beta of 1.05. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29.

KB Financial Group (NYSE:KB) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.02). The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $4.45 billion. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. Research analysts forecast that KB Financial Group Inc. will post 8.87 EPS for the current 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.