American Century Companies Inc. Buys 85,822 Shares of KB Financial Group Inc $KB

Key Points

• American Century Companies Inc. increased its stake in KB Financial Group by 11.4% in Q3, purchasing 85,822 shares to own 836,990 shares (~0.22%) valued at about $69.4 million.
• KB trades in a 12‑month range of $46.38–$119.71 with a market cap of $39.45 billion and a P/E of 9.98; analysts hold a consensus Moderate Buy rating after KB reported $1.43 EPS for the latest quarter and is forecast to post roughly 8.87 EPS for the year.

American Century Companies Inc. lifted its stake in shares of KB Financial Group Inc (NYSE:KB - Free Report) by 11.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 836,990 shares of the bank's stock after purchasing an additional 85,822 shares during the quarter. American Century Companies Inc. owned about 0.22% of KB Financial Group worth $69,395,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC bought a new position in KB Financial Group in the first quarter worth approximately $300,000. Dynamic Technology Lab Private Ltd acquired a new stake in KB Financial Group in the 1st quarter valued at $259,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in KB Financial Group by 53.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,650 shares of the bank's stock valued at $5,230,000 after purchasing an additional 33,650 shares in the last quarter. Jane Street Group LLC increased its stake in KB Financial Group by 64.3% during the 1st quarter. Jane Street Group LLC now owns 26,136 shares of the bank's stock valued at $1,414,000 after purchasing an additional 10,225 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in KB Financial Group by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 174,924 shares of the bank's stock worth $14,447,000 after buying an additional 682 shares during the last quarter. 11.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KB has been the topic of a number of analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of KB Financial Group in a report on Monday, December 29th. Zacks Research raised KB Financial Group from a "strong sell" rating to a "hold" rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

KB Financial Group Price Performance

Shares of NYSE KB opened at $105.81 on Thursday. KB Financial Group Inc has a twelve month low of $46.38 and a twelve month high of $119.71. The stock's 50 day moving average price is $98.51 and its 200-day moving average price is $88.44. The company has a market capitalization of $39.45 billion, a PE ratio of 9.98, a PEG ratio of 0.65 and a beta of 1.08. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 2.38.

KB Financial Group (NYSE:KB - Get Free Report) last issued its quarterly earnings results on Saturday, January 31st. The bank reported $1.43 EPS for the quarter. KB Financial Group had a return on equity of 9.79% and a net margin of 16.96%. On average, equities analysts anticipate that KB Financial Group Inc will post 8.87 EPS for the current year.

About KB Financial Group

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company's principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.

Want to see what other hedge funds are holding KB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Financial Group Inc (NYSE:KB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.