3,261 Shares in KB Financial Group Inc $KB Bought by Ascent Group LLC

Key Points

• Ascent Group LLC acquired 3,261 shares in KB Financial Group, valued at approximately $269,000, indicating increased interest from institutional investors in the bank's stock.
• KB Financial Group's quarterly earnings surpassed estimates, reporting $3.16 per share compared to the expected $3.15, with a significant revenue of $3.32 billion for the quarter.
• The bank's latest dividend payout was $0.657 per share, representing an annualized dividend yield of 3.2%, reflecting the company's commitment to returning value to shareholders.

Ascent Group LLC bought a new stake in KB Financial Group Inc (NYSE:KB - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,261 shares of the bank's stock, valued at approximately $269,000.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in KB Financial Group by 105.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,836 shares of the bank's stock valued at $152,000 after buying an additional 943 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of KB Financial Group by 215.2% during the second quarter. Farther Finance Advisors LLC now owns 2,134 shares of the bank's stock valued at $176,000 after acquiring an additional 1,457 shares during the last quarter. Cresset Asset Management LLC acquired a new position in shares of KB Financial Group during the first quarter valued at approximately $207,000. Perigon Wealth Management LLC acquired a new position in shares of KB Financial Group during the first quarter valued at approximately $214,000. Finally, Freedom Investment Management Inc. purchased a new stake in shares of KB Financial Group during the first quarter worth approximately $221,000. Institutional investors and hedge funds own 11.52% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on KB shares. Wall Street Zen cut KB Financial Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of KB Financial Group in a research note on Saturday, September 27th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy".

KB Financial Group Stock Performance

NYSE KB opened at $81.79 on Wednesday. The stock's fifty day moving average is $81.20 and its two-hundred day moving average is $74.00. The firm has a market capitalization of $31.20 billion, a P/E ratio of 7.86, a price-to-earnings-growth ratio of 0.64 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.67 and a current ratio of 1.67. KB Financial Group Inc has a fifty-two week low of $46.38 and a fifty-two week high of $92.39.

KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The bank reported $3.16 earnings per share for the quarter, topping analysts' consensus estimates of $3.15 by $0.01. KB Financial Group had a return on equity of 9.79% and a net margin of 16.16%.The company had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.20 billion. On average, research analysts anticipate that KB Financial Group Inc will post 8.87 earnings per share for the current year.

KB Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were given a dividend of $0.657 per share. This represents a $2.63 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, August 8th. KB Financial Group's dividend payout ratio (DPR) is presently 20.37%.

About KB Financial Group

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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