Bridgewater Advisors Inc. Takes Position in KB Financial Group Inc (NYSE:KB)

Bridgewater Advisors Inc. acquired a new stake in KB Financial Group Inc (NYSE:KB - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,024 shares of the bank's stock, valued at approximately $434,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KB. Bruce G. Allen Investments LLC lifted its position in 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 acquiring an additional 543 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of KB Financial Group by 659.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock valued at $137,000 after buying an additional 2,097 shares in the last quarter. Cetera Investment Advisers increased 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 worth $214,000 after acquiring an additional 258 shares during the period. Perigon Wealth Management LLC bought a new stake in shares of KB Financial Group during the 1st quarter valued at $214,000. Finally, Commonwealth Equity Services LLC acquired a new position in KB Financial Group in the fourth quarter valued at about $222,000. 11.52% of the stock is owned by institutional investors.

KB Financial Group Stock Performance

Shares of KB traded down $1.06 on Friday, reaching $81.68. 260,452 shares of the company's stock traded hands, compared to its average volume of 190,117. The stock's 50 day simple moving average is $77.98 and its two-hundred day simple moving average is $64.72. KB Financial Group Inc has a 52-week low of $46.38 and a 52-week high of $89.45. The stock has a market cap of $31.16 billion, a PE ratio of 7.92, a PEG ratio of 0.62 and a beta of 1.06. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.40.

KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The bank reported $3.02 EPS for the quarter, missing analysts' consensus estimates of $3.04 by ($0.02). KB Financial Group had a return on equity of 9.76% and a net margin of 16.03%. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $4.45 billion. On average, analysts forecast that KB Financial Group Inc will post 8.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded KB Financial Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st.

About KB Financial Group

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.