Cerity Partners LLC Grows Stock Holdings in KB Financial Group Inc (NYSE:KB)

Cerity Partners LLC lifted its position in shares of KB Financial Group Inc (NYSE:KB) by 63.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,620 shares of the bank’s stock after buying an additional 18,149 shares during the quarter. Cerity Partners LLC’s holdings in KB Financial Group were worth $2,523,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KB. Northern Trust Corp increased its holdings in shares of KB Financial Group by 310.0% in the 4th quarter. Northern Trust Corp now owns 912,529 shares of the bank’s stock worth $51,923,000 after buying an additional 689,979 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of KB Financial Group in the 4th quarter worth about $7,301,000. Silvercrest Asset Management Group LLC bought a new position in KB Financial Group during the 4th quarter valued at about $5,489,000. Mirabella Financial Services LLP bought a new position in KB Financial Group during the 4th quarter valued at about $5,000,000. Finally, Trinity Street Asset Management LLP grew its holdings in KB Financial Group by 35.6% during the 1st quarter. Trinity Street Asset Management LLP now owns 330,384 shares of the bank’s stock valued at $17,877,000 after purchasing an additional 86,737 shares during the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

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

KB Financial Group Trading Down 1.3%

KB stock opened at $81.68 on Friday. The company’s 50-day simple moving average is $77.98 and its 200-day simple moving average is $64.72. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.40. KB Financial Group Inc has a 52-week low of $46.38 and a 52-week high of $89.45. The firm has a market cap of $31.16 billion, a P/E ratio of 7.92, a PEG ratio of 0.62 and a beta of 1.06.

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