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

Bridgewater Advisors Inc. purchased a new stake in shares of KB Financial Group Inc (NYSE:KB - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,024 shares of the bank's stock, valued at approximately $434,000.

Other institutional investors have also bought and sold shares of the company. Northern Trust Corp grew its holdings in shares of KB Financial Group by 310.0% during the 4th quarter. Northern Trust Corp now owns 912,529 shares of the bank's stock valued at $51,923,000 after acquiring an additional 689,979 shares in the last quarter. Raymond James Financial Inc. purchased a new position in KB Financial Group in the fourth quarter valued at about $7,301,000. Silvercrest Asset Management Group LLC acquired a new position in KB Financial Group in the 4th quarter worth about $5,489,000. Mirabella Financial Services LLP bought a new stake in shares of KB Financial Group in the 4th quarter valued at approximately $5,000,000. Finally, Trinity Street Asset Management LLP grew its stake in shares of KB Financial Group by 35.6% in the 1st quarter. Trinity Street Asset Management LLP now owns 330,384 shares of the bank's stock valued at $17,877,000 after buying an additional 86,737 shares in the last quarter. Institutional investors and hedge funds own 11.52% of the company's stock.

Analyst Upgrades and Downgrades

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

KB Financial Group Stock Performance

KB Financial Group stock traded up $0.58 during trading hours on Thursday, hitting $82.99. The stock had a trading volume of 225,864 shares, compared to its average volume of 190,599. The company has a market cap of $31.66 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 0.63 and a beta of 1.06. The company has a 50-day moving average of $77.33 and a two-hundred day moving average of $64.31. KB Financial Group Inc has a fifty-two week low of $46.38 and a fifty-two week high of $89.45. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.40.

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

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.