9,690 Shares of KB Financial Group Inc $KB Bought by E. Ohman J or Asset Management AB

Key Points

• E. Ohman J or Asset Management AB purchased 9,690 shares of KB Financial Group during the third quarter, valued at approximately $1.19 million. Institutional investors collectively own 11.52% of the company.
• Analyst sentiment is positive: KB Financial Group has an average “Buy” rating, including one Strong Buy and two Buy ratings from covering analysts.
• KB Financial Group recently exceeded quarterly expectations, reporting $3.67 in EPS versus the $3.51 consensus estimate and revenue of $3.49 billion versus $3.45 billion expected.

E. Ohman J or Asset Management AB purchased a new position in shares of KB Financial Group Inc (NYSE:KB - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 9,690 shares of the bank's stock, valued at approximately $1,193,000.

Several other large investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its position in shares of KB Financial Group by 72.7% during the 1st quarter. First Trust Advisors LP now owns 20,297 shares of the bank's stock worth $2,024,000 after purchasing an additional 8,546 shares in the last quarter. Calamos Advisors LLC bought a new stake in shares of KB Financial Group during the 1st quarter valued at $3,842,000. Cetera Investment Advisers grew its holdings in shares of KB Financial Group by 127.8% during the 1st quarter. Cetera Investment Advisers now owns 23,461 shares of the bank's stock worth $2,340,000 after purchasing an additional 13,164 shares in the last quarter. Nykredit A S bought a new position in shares of KB Financial Group in the second quarter worth $10,926,000. Finally, Bank of America Corp DE increased its position in shares of KB Financial Group by 20.3% in the first quarter. Bank of America Corp DE now owns 1,068,416 shares of the bank's stock worth $106,553,000 after purchasing an additional 180,590 shares during the period. Institutional investors own 11.52% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. The Goldman Sachs Group restated a "buy" rating on shares of KB Financial Group in a research report on Wednesday, July 1st. Zacks Research upgraded shares of KB Financial Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Finally, Weiss Ratings raised shares of KB Financial Group from a "buy (b)" rating to a "buy (b+)" rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to data from MarketBeat.com, KB Financial Group presently has an average rating of "Buy".

KB Financial Group Stock Down 1.4%

Shares of KB opened at $114.93 on Friday. The company has a market capitalization of $40.77 billion, a PE ratio of 10.00, a PEG ratio of 0.62 and a beta of 1.05. The stock's 50-day moving average price is $123.65 and its two-hundred day moving average price is $114.84. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.53. KB Financial Group Inc has a 12 month low of $79.68 and a 12 month high of $133.29.

KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $3.45 billion. KB Financial Group had a return on equity of 10.11% and a net margin of 17.67%. On average, analysts anticipate that KB Financial Group Inc will post 13.98 EPS for the current year.

About KB Financial Group

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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