Hennion & Walsh Asset Management Inc. Buys New Stake in KB Financial Group Inc. (NYSE:KB)

Hennion & Walsh Asset Management Inc. acquired a new position in shares of KB Financial Group Inc. (NYSE:KB - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,256 shares of the bank's stock, valued at approximately $447,000.

Several other institutional investors have also recently added to or reduced their stakes in KB. Hudson Edge Investment Partners Inc. lifted its position in KB Financial Group by 5.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock worth $198,000 after buying an additional 168 shares during the period. Seeds Investor LLC increased its stake in shares of KB Financial Group by 2.9% during the 4th quarter. Seeds Investor LLC now owns 6,923 shares of the bank's stock valued at $394,000 after acquiring an additional 195 shares during the last quarter. Candriam S.C.A. increased its stake in shares of KB Financial Group by 1.9% during the 4th quarter. Candriam S.C.A. now owns 10,679 shares of the bank's stock valued at $608,000 after acquiring an additional 200 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of KB Financial Group by 7.4% during the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock worth $214,000 after acquiring an additional 258 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings in shares of KB Financial Group by 2.4% during the 4th quarter. QRG Capital Management Inc. now owns 12,269 shares of the bank's stock worth $698,000 after acquiring an additional 284 shares during the period. Institutional investors and hedge funds own 11.52% of the company's stock.

KB Financial Group Trading Up 0.5%

Shares of KB stock traded up $0.36 on Thursday, reaching $79.45. 233,812 shares of the stock were exchanged, compared to its average volume of 195,838. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The stock has a market cap of $31.27 billion, a P/E ratio of 9.26, a price-to-earnings-growth ratio of 0.52 and a beta of 1.05. The firm has a 50 day moving average of $64.85 and a two-hundred day moving average of $60.87. KB Financial Group Inc. has a 1-year low of $46.38 and a 1-year high of $81.63.

KB Financial Group (NYSE:KB - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The bank reported $3.02 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.02). The firm 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%. On average, research analysts anticipate that KB Financial Group Inc. will post 8.87 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of KB Financial Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st.

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.