Advisors Asset Management Inc. Increases Stock Position in KB Financial Group Inc $KB

Advisors Asset Management Inc. lifted its position in shares of KB Financial Group Inc (NYSE:KB) by 30.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,305 shares of the bank’s stock after purchasing an additional 4,509 shares during the period. Advisors Asset Management Inc.’s holdings in KB Financial Group were worth $1,601,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new position in shares of KB Financial Group during the 2nd quarter worth approximately $25,000. Parkside Financial Bank & Trust increased its position in shares of KB Financial Group by 585.7% during the second quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock valued at $28,000 after acquiring an additional 287 shares during the last quarter. First Horizon Corp bought a new stake in KB Financial Group during the third quarter worth $30,000. Jones Financial Companies Lllp boosted its position in KB Financial Group by 187.4% in the third quarter. Jones Financial Companies Lllp now owns 500 shares of the bank’s stock worth $40,000 after purchasing an additional 326 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in KB Financial Group by 397.9% in the third quarter. Smartleaf Asset Management LLC now owns 727 shares of the bank’s stock worth $60,000 after purchasing an additional 581 shares during the last quarter. 11.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research report on Monday, December 29th. Zacks Research upgraded shares of KB Financial Group from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

KB Financial Group Stock Up 1.2%

KB Financial Group stock opened at $114.06 on Tuesday. The firm has a 50 day simple moving average of $91.92 and a 200 day simple moving average of $85.84. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.38. KB Financial Group Inc has a 1-year low of $46.38 and a 1-year high of $117.24. The firm has a market capitalization of $42.53 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 quarterly earnings results on Saturday, January 31st. The bank reported $1.43 EPS for the quarter. KB Financial Group had a return on equity of 9.79% and a net margin of 16.96%. On average, analysts predict that KB Financial Group Inc will post 8.87 earnings per share for the current year.

About KB Financial Group

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.