KB Financial Group Inc $KB Shares Bought by Amundi

Amundi grew its holdings in shares of KB Financial Group Inc (NYSE:KB) by 72.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 76,861 shares of the bank’s stock after acquiring an additional 32,250 shares during the quarter. Amundi’s holdings in KB Financial Group were worth $4,021,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of KB Financial Group by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,494,535 shares of the bank’s stock valued at $134,946,000 after buying an additional 7,386 shares during the period. Northern Trust Corp lifted its holdings in shares of KB Financial Group by 4.9% in the first quarter. Northern Trust Corp now owns 957,093 shares of the bank’s stock valued at $51,788,000 after buying an additional 44,564 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of KB Financial Group by 3.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 844,377 shares of the bank’s stock valued at $45,689,000 after buying an additional 28,484 shares during the period. American Century Companies Inc. lifted its holdings in shares of KB Financial Group by 3.5% in the first quarter. American Century Companies Inc. now owns 634,875 shares of the bank’s stock valued at $34,353,000 after buying an additional 21,672 shares during the period. Finally, Trinity Street Asset Management LLP lifted its holdings in shares of KB Financial Group by 35.6% in the first quarter. Trinity Street Asset Management LLP now owns 330,384 shares of the bank’s stock valued at $17,877,000 after buying an additional 86,737 shares during the period. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analysts Set New Price Targets

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

KB Financial Group Stock Performance

Shares of KB stock opened at $84.67 on Thursday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.67 and a quick ratio of 1.67. KB Financial Group Inc has a fifty-two week low of $46.38 and a fifty-two week high of $92.39. The stock’s 50-day moving average is $81.54 and its two-hundred day moving average is $70.15. The firm has a market cap of $32.30 billion, a P/E ratio of 8.13, a PEG ratio of 0.61 and a beta of 1.07.

KB Financial Group (NYSE:KB) last released its quarterly earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.01. KB Financial Group had a return on equity of 9.79% and a net margin of 16.16%.The company had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.20 billion. Analysts predict that KB Financial Group Inc will post 8.87 earnings per share for the current fiscal year.

KB Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were issued a dividend of $0.657 per share. This represents a $2.63 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, August 8th. KB Financial Group’s dividend payout ratio (DPR) is currently 20.37%.

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.