Aubrey Capital Management Ltd acquired a new position in shares of KB Financial Group Inc (NYSE:KB - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,000 shares of the bank's stock, valued at approximately $1,994,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in KB. Brown Brothers Harriman & Co. raised its stake in KB Financial Group by 131.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank's stock worth $35,000 after purchasing an additional 229 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of KB Financial Group during the 4th quarter worth $39,000. Bell Investment Advisors Inc boosted its holdings in KB Financial Group by 29.3% in the first quarter. Bell Investment Advisors Inc now owns 477 shares of the bank's stock valued at $48,000 after acquiring an additional 108 shares during the last quarter. First Horizon Corp grew its position in KB Financial Group by 36.2% during the first quarter. First Horizon Corp now owns 489 shares of the bank's stock valued at $49,000 after acquiring an additional 130 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in KB Financial Group by 90.0% during the first quarter. V Square Quantitative Management LLC now owns 496 shares of the bank's stock worth $49,000 after acquiring an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 11.52% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently commented on KB. Zacks Research upgraded shares of KB Financial Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of KB Financial Group in a research report on Wednesday, July 1st. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of KB Financial Group in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy".
View Our Latest Stock Analysis on KB Financial Group
KB Financial Group Price Performance
Shares of NYSE KB opened at $124.68 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.53. KB Financial Group Inc has a fifty-two week low of $76.31 and a fifty-two week high of $126.57. The business has a 50 day moving average price of $116.27 and a two-hundred day moving average price of $109.73. The firm has a market cap of $44.22 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 0.74 and a beta of 1.01.
KB Financial Group (NYSE:KB - Get Free Report) last announced its earnings results on Friday, August 14th. The bank reported $3.67 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts expect that KB Financial Group Inc will post 12.91 earnings per share for the current fiscal year.
KB Financial Group Profile
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Free Report)
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.
See Also
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).
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