3,645 Shares in KB Financial Group Inc $KB Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC purchased a new position in shares of KB Financial Group Inc (NYSE:KB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,645 shares of the bank’s stock, valued at approximately $302,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KB. Ranmore Fund Management Ltd purchased a new position in shares of KB Financial Group during the first quarter worth about $12,746,000. Ramirez Asset Management Inc. grew its holdings in shares of KB Financial Group by 24.6% during the second quarter. Ramirez Asset Management Inc. now owns 304,298 shares of the bank’s stock worth $25,132,000 after buying an additional 60,056 shares during the last quarter. Northern Trust Corp grew its holdings in shares of KB Financial Group by 4.9% during the first quarter. Northern Trust Corp now owns 957,093 shares of the bank’s stock worth $51,788,000 after buying an additional 44,564 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of KB Financial Group by 53.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,650 shares of the bank’s stock worth $5,230,000 after buying an additional 33,650 shares during the last quarter. Finally, Amundi grew its holdings in shares of KB Financial Group by 72.3% during the first quarter. Amundi now owns 76,861 shares of the bank’s stock worth $4,021,000 after buying an additional 32,250 shares during the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Analyst Ratings Changes

KB has been the topic of a number of research reports. Wall Street Zen lowered KB Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a report on Saturday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

KB Financial Group Price Performance

Shares of NYSE:KB opened at $80.09 on Friday. The business’s 50 day simple moving average is $81.03 and its 200-day simple moving average is $76.49. The firm has a market capitalization of $30.55 billion, a price-to-earnings ratio of 7.69, a price-to-earnings-growth ratio of 0.61 and a beta of 1.10. 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 12 month low of $46.38 and a 12 month high of $92.39.

KB Financial Group (NYSE:KB) last announced 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. The business had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.20 billion. KB Financial Group had a return on equity of 9.79% and a net margin of 16.16%. As a group, equities analysts forecast that KB Financial Group Inc will post 8.87 earnings per share for the current fiscal year.

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.