Cresset Asset Management LLC Buys New Holdings in KB Financial Group Inc $KB

Cresset Asset Management LLC bought a new position in KB Financial Group Inc (NYSE:KB) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,828 shares of the bank’s stock, valued at approximately $207,000.

Other institutional investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC raised its stake in shares of KB Financial Group by 141.8% in the 1st quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank’s stock valued at $50,000 after buying an additional 543 shares in the last quarter. Tower Research Capital LLC TRC raised its position in KB Financial Group by 659.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank’s stock worth $137,000 after purchasing an additional 2,097 shares in the last quarter. Cetera Investment Advisers lifted its stake in KB Financial Group by 7.4% during the fourth quarter. Cetera Investment Advisers now owns 3,759 shares of the bank’s stock worth $214,000 after purchasing an additional 258 shares during the period. Perigon Wealth Management LLC bought a new position in KB Financial Group during the first quarter worth about $214,000. Finally, Triumph Capital Management acquired a new stake in KB Financial Group during the fourth quarter valued at approximately $228,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

KB Financial Group Price Performance

NYSE:KB opened at $77.95 on Wednesday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.36. The firm has a market cap of $29.73 billion, a PE ratio of 7.49, a price-to-earnings-growth ratio of 0.60 and a beta of 1.06. KB Financial Group Inc has a 12 month low of $46.38 and a 12 month high of $92.39. The company’s 50-day moving average price is $81.95 and its two-hundred day moving average price is $68.56.

KB Financial Group (NYSE:KB) last posted its earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.01. The company had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.20 billion. KB Financial Group had a net margin of 16.16% and a return on equity of 9.79%. On average, equities analysts anticipate that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen cut KB Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, KB Financial Group currently has an average rating of “Buy”.

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.