Balyasny Asset Management L.P. bought a new stake in shares of KB Financial Group Inc. (NYSE:KB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,746 shares of the bank's stock, valued at approximately $896,000.
Several other hedge funds have also recently added to or reduced their stakes in KB. Tower Research Capital LLC TRC raised its holdings in shares of KB Financial Group by 659.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock worth $137,000 after purchasing an additional 2,097 shares in the last quarter. Hudson Edge Investment Partners Inc. raised its holdings in shares of KB Financial Group by 5.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock worth $198,000 after purchasing an additional 168 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of KB Financial Group in the 4th quarter worth approximately $222,000. Triumph Capital Management bought a new stake in shares of KB Financial Group in the 4th quarter worth approximately $228,000. Finally, Optas LLC acquired a new stake in shares of KB Financial Group during the fourth quarter worth $261,000. Institutional investors own 11.52% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered KB Financial Group from a "buy" rating to a "hold" rating in a research report on Monday, April 28th.
View Our Latest Report on KB
KB Financial Group Trading Down 0.7%
Shares of KB Financial Group stock traded down $0.48 on Friday, reaching $66.98. 109,640 shares of the company were exchanged, compared to its average volume of 189,770. The stock has a fifty day moving average price of $57.75 and a 200-day moving average price of $59.86. The firm has a market capitalization of $26.36 billion, a price-to-earnings ratio of 7.81, a price-to-earnings-growth ratio of 0.52 and a beta of 0.98. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. KB Financial Group Inc. has a fifty-two week low of $46.38 and a fifty-two week high of $72.89.
KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The bank reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.02). The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $4.45 billion. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. On average, analysts expect that KB Financial Group Inc. will post 8.87 EPS for the current year.
KB Financial Group Company Profile
(
Free Report)
KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.
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