KB Financial Group Inc $KB Shares Purchased by Capital International Investors

Capital International Investors increased its stake in KB Financial Group Inc (NYSE:KB) by 12.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 757,168 shares of the bank’s stock after acquiring an additional 85,231 shares during the quarter. Capital International Investors owned approximately 0.20% of KB Financial Group worth $62,735,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KB. First Horizon Advisors Inc. purchased a new stake in shares of KB Financial Group during the second quarter worth about $25,000. Parkside Financial Bank & Trust lifted its stake in KB Financial Group by 585.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock valued at $28,000 after buying an additional 287 shares in the last quarter. First Horizon Corp purchased a new position in KB Financial Group in the 3rd quarter valued at about $30,000. Jones Financial Companies Lllp boosted its holdings in KB Financial Group by 187.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 500 shares of the bank’s stock worth $40,000 after buying an additional 326 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in KB Financial Group by 397.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 727 shares of the bank’s stock worth $60,000 after buying an additional 581 shares during the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

KB Financial Group Stock Performance

NYSE:KB opened at $102.81 on Thursday. The company has a market cap of $38.33 billion, a P/E ratio of 9.64, a P/E/G ratio of 0.63 and a beta of 1.08. KB Financial Group Inc has a twelve month low of $46.38 and a twelve month high of $119.71. The company’s 50-day moving average price is $100.04 and its 200-day moving average price is $89.26. The company has a current ratio of 1.64, a quick ratio of 1.65 and a debt-to-equity ratio of 2.48.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Saturday, January 31st. The bank reported $1.43 earnings per share (EPS) for the quarter. KB Financial Group had a net margin of 17.16% and a return on equity of 9.67%. On average, sell-side analysts forecast that KB Financial Group Inc will post 8.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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