Balyasny Asset Management L.P. Acquires Shares of 15,746 KB Financial Group Inc. (NYSE:KB)

Balyasny Asset Management L.P. purchased a new stake in KB Financial Group Inc. (NYSE:KB - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 15,746 shares of the bank's stock, valued at approximately $896,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its holdings in shares of KB Financial Group by 659.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock worth $137,000 after buying an additional 2,097 shares during the period. Hudson Edge Investment Partners Inc. lifted its holdings in shares of KB Financial Group by 5.1% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock worth $198,000 after acquiring an additional 168 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of KB Financial Group during the 4th quarter worth approximately $222,000. Triumph Capital Management bought a new stake in shares of KB Financial Group during the 4th quarter worth approximately $228,000. Finally, Optas LLC bought a new stake in shares of KB Financial Group during the 4th quarter worth approximately $261,000. 11.52% of the stock is currently owned by institutional investors and hedge funds.

KB Financial Group Price Performance

Shares of KB Financial Group stock traded up $0.57 on Tuesday, reaching $69.47. 6,818 shares of the stock were exchanged, compared to its average volume of 188,849. The firm's 50 day moving average is $58.05 and its 200-day moving average is $59.79. The firm has a market cap of $27.34 billion, a PE ratio of 8.08, a P/E/G ratio of 0.52 and a beta of 0.98. KB Financial Group Inc. has a one year low of $46.38 and a one year high of $72.89. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66.

KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The bank reported $3.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.04 by ($0.02). The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $4.45 billion. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. As a group, analysts anticipate that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of KB Financial Group from a "buy" rating to a "hold" rating in a report on Monday, April 28th.

KB Financial Group Company Profile

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.