Barometer Capital Management Inc. Has $940,000 Stake in KB Financial Group Inc $KB

Barometer Capital Management Inc. increased its position in KB Financial Group Inc (NYSE:KB) by 272.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,343 shares of the bank’s stock after purchasing an additional 8,300 shares during the period. Barometer Capital Management Inc.’s holdings in KB Financial Group were worth $940,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Lazard Asset Management LLC raised its holdings in KB Financial Group by 1.7% during the second quarter. Lazard Asset Management LLC now owns 1,554,154 shares of the bank’s stock worth $128,357,000 after buying an additional 26,423 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of KB Financial Group by 9.1% during the second quarter. Bank of America Corp DE now owns 845,567 shares of the bank’s stock valued at $69,835,000 after buying an additional 70,865 shares during the last quarter. American Century Companies Inc. increased its position in shares of KB Financial Group by 11.4% during the third quarter. American Century Companies Inc. now owns 836,990 shares of the bank’s stock worth $69,395,000 after acquiring an additional 85,822 shares in the last quarter. Capital International Investors raised its holdings in shares of KB Financial Group by 12.7% in the 3rd quarter. Capital International Investors now owns 757,168 shares of the bank’s stock worth $62,735,000 after acquiring an additional 85,231 shares during the last quarter. Finally, Todd Asset Management LLC raised its holdings in shares of KB Financial Group by 5.9% in the 3rd quarter. Todd Asset Management LLC now owns 560,017 shares of the bank’s stock worth $46,432,000 after acquiring an additional 31,230 shares during the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

KB Financial Group Stock Up 0.3%

KB Financial Group stock opened at $102.81 on Thursday. KB Financial Group Inc has a fifty-two week low of $46.38 and a fifty-two week high of $119.71. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.65 and a current ratio of 1.64. The firm’s 50-day simple moving average is $100.04 and its 200 day simple moving average is $89.26. The stock has a market cap of $38.33 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 0.63 and a beta of 1.08.

KB Financial Group (NYSE:KB) last posted its earnings results on Saturday, January 31st. The bank reported $1.43 EPS for the quarter. KB Financial Group had a net margin of 17.16% and a return on equity of 9.67%. Research analysts predict that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on KB shares. Zacks Research raised KB Financial Group from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings restated 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 given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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.