Ballentine Partners LLC Buys 3,375 Shares of KB Financial Group Inc $KB

Key Points

• Ballentine Partners LLC increased its stake in KB Financial Group Inc by 16.0%, acquiring an additional 3,375 shares, bringing its total holdings to 24,447 shares valued at approximately $2,019,000.
• KB Financial Group reported earnings of $3.16 per share, slightly exceeding the analysts' expectations of $3.15, with revenues of $3.32 billion for the quarter.
• The company recently announced a quarterly dividend of $0.657 per share, representing an annual yield of 3.2% and a payout ratio of 20.37%.

Ballentine Partners LLC lifted its stake in KB Financial Group Inc (NYSE:KB - Free Report) by 16.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,447 shares of the bank's stock after buying an additional 3,375 shares during the quarter. Ballentine Partners LLC's holdings in KB Financial Group were worth $2,019,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in KB. Ranmore Fund Management Ltd bought a new position in shares of KB Financial Group in the first quarter worth about $12,746,000. Trinity Street Asset Management LLP raised its stake in shares of KB Financial Group by 35.6% in the first quarter. Trinity Street Asset Management LLP now owns 330,384 shares of the bank's stock worth $17,877,000 after buying an additional 86,737 shares during the period. GAMMA Investing LLC raised its stake in shares of KB Financial Group by 3,678.0% in the first quarter. GAMMA Investing LLC now owns 48,320 shares of the bank's stock worth $2,615,000 after buying an additional 47,041 shares during the period. Northern Trust Corp raised its stake in shares of KB Financial Group by 4.9% in the first quarter. Northern Trust Corp now owns 957,093 shares of the bank's stock worth $51,788,000 after buying an additional 44,564 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised 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 during the period. Institutional investors own 11.52% of the company's stock.

KB Financial Group Stock Performance

NYSE:KB opened at $81.31 on Thursday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.67 and a quick ratio of 1.67. KB Financial Group Inc has a 1 year low of $46.38 and a 1 year high of $92.39. The stock's 50 day simple moving average is $81.36 and its two-hundred day simple moving average is $72.15. The company has a market cap of $31.02 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 0.63 and a beta of 1.07.

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

KB Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were paid a $0.657 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.63 dividend on an annualized basis and a yield of 3.2%. KB Financial Group's payout ratio is presently 20.37%.

Analysts Set New Price Targets

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 research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy".

KB Financial Group Company 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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