BSW Wealth Partners Purchases New Position in KB Financial Group Inc $KB

Key Points

• BSW Wealth Partners acquired a new position in KB Financial Group Inc, purchasing 3,611 shares valued at approximately $298,000 in the second quarter.
• Institutional interest in KB Financial Group has risen, with firms like Banque Pictet & Cie SA increasing their stake by 56.8% during the same period.
• KB Financial Group reported earnings of $3.16 per share, slightly surpassing analysts' estimates, and declared a quarterly dividend of $0.657 with a yield of 3.2%.

BSW Wealth Partners acquired a new position in shares of KB Financial Group Inc (NYSE:KB - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,611 shares of the bank's stock, valued at approximately $298,000.

Other institutional investors also recently made changes to their positions in the company. HB Wealth Management LLC bought a new position in shares of KB Financial Group during the second quarter worth approximately $253,000. Banque Pictet & Cie SA increased its position in KB Financial Group by 56.8% during the 2nd quarter. Banque Pictet & Cie SA now owns 6,526 shares of the bank's stock worth $539,000 after buying an additional 2,364 shares during the period. Ballentine Partners LLC lifted its holdings in shares of KB Financial Group by 16.0% during the second quarter. Ballentine Partners LLC now owns 24,447 shares of the bank's stock worth $2,019,000 after buying an additional 3,375 shares in the last quarter. Foster Group Inc. bought a new stake in shares of KB Financial Group in the second quarter valued at about $293,000. Finally, GAMMA Investing LLC grew its stake in shares of KB Financial Group by 105.6% in the second quarter. GAMMA Investing LLC now owns 1,836 shares of the bank's stock valued at $152,000 after acquiring an additional 943 shares in the last quarter. Institutional investors own 11.52% of the company's stock.

KB Financial Group Stock Performance

KB opened at $82.37 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.67 and a current ratio of 1.67. KB Financial Group Inc has a 52-week low of $46.38 and a 52-week high of $92.39. The firm has a market cap of $31.42 billion, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 0.64 and a beta of 1.10. The business's fifty day moving average is $81.12 and its 200-day moving average is $73.32.

KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The bank reported $3.16 earnings per share 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 business had revenue of $3.32 billion during the quarter, compared to analysts' expectations of $3.20 billion. Sell-side analysts expect that KB Financial Group Inc will post 8.87 EPS 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. Investors of record on Friday, August 8th were paid a $0.657 dividend. This represents a $2.63 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Friday, August 8th. KB Financial Group's dividend payout ratio (DPR) is 20.37%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of KB Financial Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, KB Financial Group presently has a consensus 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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