13,609 Shares of KB Financial Group Inc $KB Bought by TT International Asset Management LTD

Key Points

• TT International Asset Management opened a position of 13,609 KB Financial Group shares in the third quarter, worth approximately $1.675 million; the stock represents 0.2% of its portfolio.
• Analyst sentiment is positive: MarketBeat reports a consensus Buy rating, with one Strong Buy and two Buy ratings.
• KB Financial Group’s latest reported quarter beat expectations, with earnings of $3.67 per share versus $3.51 expected and revenue of $3.49 billion versus $3.45 billion expected.

TT International Asset Management LTD acquired a new position in shares of KB Financial Group Inc (NYSE:KB - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,609 shares of the bank's stock, valued at approximately $1,675,000. KB Financial Group comprises 0.2% of TT International Asset Management LTD's portfolio, making the stock its 19th largest holding.

Several other hedge funds have also recently bought and sold shares of KB. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in KB Financial Group by 1.1% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 22,150 shares of the bank's stock worth $2,822,000 after purchasing an additional 232 shares during the last quarter. Vise Technologies Inc. boosted its stake in KB Financial Group by 18.2% in the 3rd quarter. Vise Technologies Inc. now owns 54,852 shares of the bank's stock valued at $6,752,000 after purchasing an additional 8,444 shares during the period. Aprio Wealth Management LLC grew its holdings in KB Financial Group by 1.6% in the 3rd quarter. Aprio Wealth Management LLC now owns 10,270 shares of the bank's stock valued at $1,264,000 after buying an additional 161 shares in the last quarter. Victory Financial Group LLC grew its holdings in KB Financial Group by 22.2% in the 3rd quarter. Victory Financial Group LLC now owns 6,203 shares of the bank's stock valued at $764,000 after buying an additional 1,126 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in KB Financial Group by 19.4% in the 3rd quarter. Park Avenue Securities LLC now owns 20,437 shares of the bank's stock valued at $2,516,000 after buying an additional 3,319 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KB. Weiss Ratings downgraded KB Financial Group from a "buy (b+)" rating to a "buy (b)" rating in a report on Monday, October 26th. Zacks Research raised shares of KB Financial Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat.com, KB Financial Group has a consensus rating of "Buy".

KB Financial Group Price Performance

Shares of NYSE:KB opened at $110.81 on Wednesday. The firm has a 50 day moving average of $122.84 and a 200-day moving average of $111.53. KB Financial Group Inc has a 12 month low of $81.36 and a 12 month high of $133.29. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.53. The stock has a market capitalization of $39.30 billion, a PE ratio of 9.51, a PEG ratio of 0.64 and a beta of 1.09.

KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The bank reported $3.67 EPS for the quarter, topping analysts' consensus estimates of $3.51 by $0.16. The company had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.45 billion. KB Financial Group had a return on equity of 10.11% and a net margin of 17.67%. On average, equities research analysts predict that KB Financial Group Inc will post 13.98 EPS for the current fiscal year.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korean financial holding company headquartered in Seoul. Established in 2008, the group operates through a broad network of financial subsidiaries led by KB Kookmin Bank, one of South Korea's major commercial banks. Its American depositary shares trade on the New York Stock Exchange under the symbol “KB.”

KB Financial Group provides a wide range of financial products and services, including retail and commercial banking, corporate finance, credit cards, securities brokerage and investment banking, insurance, asset management, consumer finance, and savings banking.

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