Boston Partners grew its stake in KB Financial Group Inc (NYSE:KB - Free Report) by 27.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,999 shares of the bank's stock after purchasing an additional 26,548 shares during the period. Boston Partners' holdings in KB Financial Group were worth $6,620,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of KB. Bruce G. Allen Investments LLC lifted its stake in shares of KB Financial Group by 141.8% in 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 lifted its stake in shares of KB Financial Group by 659.4% in 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. Cetera Investment Advisers lifted its stake in shares of KB Financial Group by 7.4% in 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. Perigon Wealth Management LLC bought a new stake in shares of KB Financial Group in the 1st quarter valued at approximately $214,000. Finally, Triumph Capital Management bought a new stake in shares of KB Financial Group in the 4th quarter valued at approximately $228,000. 11.52% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded KB Financial Group from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy".
View Our Latest Research Report on KB
KB Financial Group Trading Up 1.9%
Shares of NYSE KB traded up $1.51 during midday trading on Friday, hitting $79.93. The company's stock had a trading volume of 20,282 shares, compared to its average volume of 197,071. The company has a current ratio of 1.67, a quick ratio of 1.68 and a debt-to-equity ratio of 2.36. The business's 50 day moving average is $81.95 and its two-hundred day moving average is $68.11. KB Financial Group Inc has a 12-month low of $46.38 and a 12-month high of $92.39. The firm has a market cap of $30.49 billion, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 0.60 and a beta of 1.06.
KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The bank reported $3.16 EPS for the quarter, topping the consensus estimate of $3.15 by $0.01. The company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.20 billion. KB Financial Group had a return on equity of 9.79% and a net margin of 16.16%. As a group, equities research analysts expect that KB Financial Group Inc will post 8.87 EPS for the current year.
KB Financial Group Profile
(
Free Report)
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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