HB Wealth Management LLC Purchases New Position in KB Financial Group Inc $KB

HB Wealth Management LLC purchased a new stake in KB Financial Group Inc (NYSE:KB) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 3,059 shares of the bank’s stock, valued at approximately $253,000.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in KB Financial Group by 105.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,836 shares of the bank’s stock valued at $152,000 after purchasing an additional 943 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in KB Financial Group by 215.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,134 shares of the bank’s stock valued at $176,000 after purchasing an additional 1,457 shares in the last quarter. Foster Group Inc. acquired a new stake in KB Financial Group in the 2nd quarter valued at $293,000. Cresset Asset Management LLC acquired a new stake in KB Financial Group in the 1st quarter valued at $207,000. Finally, Perigon Wealth Management LLC acquired a new stake in KB Financial Group in the 1st quarter valued at $214,000. 11.52% of the stock is currently owned by institutional investors and hedge funds.

KB Financial Group Stock Performance

Shares of KB stock opened at $81.79 on Wednesday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.67 and a current ratio of 1.67. KB Financial Group Inc has a one year low of $46.38 and a one year high of $92.39. The company’s 50-day simple moving average is $81.20 and its 200-day simple moving average is $74.00. The stock has a market capitalization of $31.20 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 0.64 and a beta of 1.10.

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

KB Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were issued a $0.657 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.63 dividend on an annualized basis and a yield of 3.2%. KB Financial Group’s dividend payout ratio (DPR) is currently 20.37%.

Wall Street Analyst Weigh In

KB has been the subject of several recent research reports. Wall Street Zen downgraded KB Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research report on Saturday, September 27th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

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.