Envestnet Asset Management Inc. Acquires 4,448 Shares of KB Financial Group Inc (NYSE:KB)

Envestnet Asset Management Inc. lifted its position in KB Financial Group Inc (NYSE:KB) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 174,242 shares of the bank’s stock after purchasing an additional 4,448 shares during the quarter. Envestnet Asset Management Inc.’s holdings in KB Financial Group were worth $9,428,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of KB Financial Group by 8.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,348 shares of the bank’s stock valued at $1,426,000 after purchasing an additional 2,135 shares during the period. QRG Capital Management Inc. raised its stake in KB Financial Group by 9.2% in the first quarter. QRG Capital Management Inc. now owns 13,395 shares of the bank’s stock worth $725,000 after buying an additional 1,126 shares in the last quarter. Perigon Wealth Management LLC bought a new position in KB Financial Group in the first quarter worth approximately $214,000. Deutsche Bank AG bought a new position in KB Financial Group in the fourth quarter worth approximately $1,149,000. Finally, SG Americas Securities LLC raised its stake in KB Financial Group by 152.1% in the first quarter. SG Americas Securities LLC now owns 37,913 shares of the bank’s stock worth $2,051,000 after buying an additional 22,876 shares in the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Wall Street Analyst Weigh In

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

KB Financial Group Stock Performance

Shares of KB stock opened at $81.68 on Monday. The business’s fifty day simple moving average is $77.98 and its 200-day simple moving average is $64.77. The company has a market cap of $31.16 billion, a PE ratio of 7.92, a PEG ratio of 0.62 and a beta of 1.06. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.40. KB Financial Group Inc has a 12-month low of $46.38 and a 12-month high of $89.45.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data 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). The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $4.45 billion. KB Financial Group had a net margin of 16.03% and a return on equity of 9.76%. Analysts expect that KB Financial Group Inc will post 8.87 earnings per share for the current fiscal 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.