Advisors Preferred LLC Acquires New Position in KB Financial Group Inc $KB

Advisors Preferred LLC bought a new position in shares of KB Financial Group Inc (NYSE:KB) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,677 shares of the bank’s stock, valued at approximately $391,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Cullen Capital Management LLC raised its stake in shares of KB Financial Group by 19.6% in the second quarter. Cullen Capital Management LLC now owns 111,477 shares of the bank’s stock valued at $9,207,000 after acquiring an additional 18,255 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in KB Financial Group during the 2nd quarter worth about $302,000. Schroder Investment Management Group raised its position in KB Financial Group by 24.3% in the 2nd quarter. Schroder Investment Management Group now owns 64,244 shares of the bank’s stock valued at $5,306,000 after purchasing an additional 12,561 shares in the last quarter. Advisors Asset Management Inc. raised its position in KB Financial Group by 30.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 19,305 shares of the bank’s stock valued at $1,601,000 after purchasing an additional 4,509 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of KB Financial Group by 1.7% in the 2nd quarter. Lazard Asset Management LLC now owns 1,554,154 shares of the bank’s stock valued at $128,357,000 after buying an additional 26,423 shares during the period. 11.52% of the stock is currently owned by institutional investors and hedge funds.

KB Financial Group Price Performance

Shares of KB opened at $117.50 on Monday. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.65 and a quick ratio of 1.65. KB Financial Group Inc has a 1-year low of $46.38 and a 1-year high of $117.69. The stock has a market cap of $43.81 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 0.73 and a beta of 1.11. The firm has a fifty day moving average price of $94.24 and a 200 day moving average price of $86.81.

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 return on equity of 9.79% and a net margin of 16.96%. As a group, sell-side analysts anticipate that KB Financial Group Inc will post 8.87 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Zacks Research upgraded shares of KB Financial Group from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a report on Monday, December 29th. One 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, KB Financial Group currently has an average rating of “Moderate Buy”.

KB Financial Group Company 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.