Perigon Wealth Management LLC Takes Position in KB Financial Group Inc (NYSE:KB)

Perigon Wealth Management LLC purchased a new stake in shares of KB Financial Group Inc (NYSE:KB) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,947 shares of the bank’s stock, valued at approximately $214,000.

Several other hedge funds have also added to or reduced their stakes in KB. Deltec Asset Management LLC lifted its position in KB Financial Group by 7.4% during the first quarter. Deltec Asset Management LLC now owns 17,500 shares of the bank’s stock worth $947,000 after acquiring an additional 1,200 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in KB Financial Group by 9.2% during the 1st quarter. QRG Capital Management Inc. now owns 13,395 shares of the bank’s stock worth $725,000 after purchasing an additional 1,126 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in KB Financial Group by 8.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,348 shares of the bank’s stock worth $1,426,000 after purchasing an additional 2,135 shares during the last quarter. SG Americas Securities LLC lifted its holdings in KB Financial Group by 152.1% during the 1st quarter. SG Americas Securities LLC now owns 37,913 shares of the bank’s stock worth $2,051,000 after purchasing an additional 22,876 shares during the last quarter. Finally, Bruce G. Allen Investments LLC lifted its holdings in KB Financial Group by 141.8% during the 1st quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank’s stock worth $50,000 after purchasing an additional 543 shares during the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analyst Ratings Changes

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 Price Performance

Shares of KB Financial Group stock opened at $82.78 on Wednesday. KB Financial Group Inc has a twelve month low of $46.38 and a twelve month high of $83.14. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.40. The company has a 50-day simple moving average of $72.44 and a two-hundred day simple moving average of $62.35. The stock has a market capitalization of $31.58 billion, a price-to-earnings ratio of 8.03, a price-to-earnings-growth ratio of 0.63 and a beta of 1.06.

KB Financial Group (NYSE:KB) last released its quarterly earnings results on Thursday, April 24th. The bank reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.02). KB Financial Group had a net margin of 16.03% and a return on equity of 9.76%. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $4.45 billion. Analysts forecast that KB Financial Group Inc will post 8.87 EPS for the current year.

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.