B. Metzler seel. Sohn & Co. AG Has $4.68 Million Stock Holdings in KB Financial Group Inc $KB

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in KB Financial Group Inc by 57.5%, acquiring a total of 86,391 shares valued at approximately $4.68 million.
• Institutional investors now own 11.52% of KB Financial Group's stock, with other hedge funds significantly increasing their stakes during the first quarter.
• KB Financial Group reported a net margin of 16.16% and a return on equity of 9.79%, exceeding analysts' revenue expectations for the quarter.

B. Metzler seel. Sohn & Co. AG raised its stake in shares of KB Financial Group Inc (NYSE:KB - Free Report) by 57.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 86,391 shares of the bank's stock after purchasing an additional 31,554 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in KB Financial Group were worth $4,675,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bruce G. Allen Investments LLC boosted its stake in KB Financial Group by 141.8% during the 1st quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank's stock valued at $50,000 after purchasing an additional 543 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in KB Financial Group by 659.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock valued at $137,000 after purchasing an additional 2,097 shares during the last quarter. Cresset Asset Management LLC acquired a new position in KB Financial Group during the 1st quarter valued at about $207,000. Cetera Investment Advisers boosted its stake in KB Financial Group by 7.4% during the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock valued at $214,000 after purchasing an additional 258 shares during the last quarter. Finally, Perigon Wealth Management LLC acquired a new position in KB Financial Group during the 1st quarter valued at about $214,000. Institutional investors and hedge funds own 11.52% of the company's stock.

KB Financial Group Price Performance

KB Financial Group stock opened at $78.23 on Thursday. KB Financial Group Inc has a 52 week low of $46.38 and a 52 week high of $92.39. The company's 50 day moving average price is $81.94 and its two-hundred day moving average price is $68.62. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.36. The stock has a market cap of $29.84 billion, a P/E ratio of 7.52, a P/E/G ratio of 0.60 and a beta of 1.06.

KB Financial Group (NYSE:KB - Get Free Report) last posted its earnings results on Thursday, August 14th. The bank reported $3.16 EPS for the quarter, topping the consensus estimate of $3.15 by $0.01. KB Financial Group had a net margin of 16.16% and a return on equity of 9.79%. The firm had revenue of $3.32 billion for the quarter, compared to analysts' expectations of $3.20 billion. On average, equities analysts predict that KB Financial Group Inc will post 8.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded KB Financial Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, KB Financial Group currently has a consensus rating of "Buy".

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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