8,256 Shares in KB Financial Group Inc. (NYSE:KB) Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. purchased a new position in shares of KB Financial Group Inc. (NYSE:KB - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,256 shares of the bank's stock, valued at approximately $447,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG purchased a new position in KB Financial Group during the fourth quarter worth about $1,149,000. D. E. Shaw & Co. Inc. boosted its stake in KB Financial Group by 40.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 18,949 shares of the bank's stock valued at $1,078,000 after acquiring an additional 5,427 shares during the last quarter. Vise Technologies Inc. boosted its stake in KB Financial Group by 253.1% in the fourth quarter. Vise Technologies Inc. now owns 21,208 shares of the bank's stock valued at $1,207,000 after acquiring an additional 15,202 shares during the last quarter. Raymond James Financial Inc. purchased a new position in KB Financial Group in the fourth quarter valued at about $7,301,000. Finally, HighTower Advisors LLC purchased a new position in KB Financial Group in the fourth quarter valued at about $933,000. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

KB Financial Group Stock Down 0.1%

KB opened at $77.99 on Monday. 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 $30.69 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 0.52 and a beta of 1.05. KB Financial Group Inc. has a twelve month low of $46.38 and a twelve month high of $80.33. The company's 50-day moving average price is $63.23 and its two-hundred day moving average price is $60.53.

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

KB Financial Group 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.

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