Caprock Group LLC Purchases New Stake in KB Financial Group Inc $KB

Caprock Group LLC acquired a new position in shares of KB Financial Group Inc (NYSE:KB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,745 shares of the bank’s stock, valued at approximately $1,396,000.

Other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC bought a new stake in shares of KB Financial Group during the first quarter worth approximately $300,000. Dynamic Technology Lab Private Ltd acquired a new stake in KB Financial Group during the 1st quarter worth $259,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of KB Financial Group by 53.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,650 shares of the bank’s stock valued at $5,230,000 after purchasing an additional 33,650 shares during the period. Jane Street Group LLC boosted its position in shares of KB Financial Group by 64.3% in the 1st quarter. Jane Street Group LLC now owns 26,136 shares of the bank’s stock worth $1,414,000 after purchasing an additional 10,225 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of KB Financial Group during the second quarter worth $302,000. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Trading Up 1.2%

Shares of KB Financial Group stock opened at $114.06 on Friday. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.65 and a quick ratio of 1.65. The business has a fifty day simple moving average of $91.37 and a two-hundred day simple moving average of $85.56. KB Financial Group Inc has a 1 year low of $46.38 and a 1 year high of $117.24. The company has a market capitalization of $43.51 billion, a price-to-earnings ratio of 10.76, a P/E/G ratio of 0.70 and a beta of 1.11.

KB Financial Group (NYSE:KB) last posted its earnings results on Saturday, January 31st. The bank reported $1.43 earnings per share for the quarter. KB Financial Group had a return on equity of 9.79% and a net margin of 16.96%. Research analysts forecast that KB Financial Group Inc will post 8.87 EPS for the current year.

Analyst Ratings Changes

KB has been the subject of several recent analyst reports. Zacks Research raised shares of KB Financial Group from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

KB Financial Group Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.