KB Financial Group Inc (NYSE:KB) Shares Bought by Cerity Partners LLC

Cerity Partners LLC lifted its holdings in shares of KB Financial Group Inc (NYSE:KB - Free Report) by 63.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,620 shares of the bank's stock after buying an additional 18,149 shares during the period. Cerity Partners LLC's holdings in KB Financial Group were worth $2,523,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its position in KB Financial Group by 8.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,348 shares of the bank's stock valued at $1,426,000 after purchasing an additional 2,135 shares during the period. QRG Capital Management Inc. lifted its position in KB Financial Group by 9.2% in the first quarter. QRG Capital Management Inc. now owns 13,395 shares of the bank's stock valued at $725,000 after purchasing an additional 1,126 shares during the period. Perigon Wealth Management LLC acquired a new stake in KB Financial Group in the first quarter valued at about $214,000. Deutsche Bank AG acquired a new stake in KB Financial Group in the fourth quarter valued at about $1,149,000. Finally, SG Americas Securities LLC lifted its position in KB Financial Group by 152.1% in the first quarter. SG Americas Securities LLC now owns 37,913 shares of the bank's stock valued at $2,051,000 after purchasing an additional 22,876 shares during the period. Institutional investors and hedge funds own 11.52% of the company's stock.

Analysts Set New Price Targets

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

KB Financial Group Price Performance

KB Financial Group stock traded up $1.38 during mid-day trading on Wednesday, reaching $84.33. The company had a trading volume of 178,672 shares, compared to its average volume of 187,741. KB Financial Group Inc has a 1 year low of $46.38 and a 1 year high of $89.45. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market capitalization of $32.17 billion, a P/E ratio of 8.18, a P/E/G ratio of 0.62 and a beta of 1.06. The stock's 50-day simple moving average is $78.99 and its 200-day simple moving average is $65.21.

KB Financial Group (NYSE:KB - Get Free Report) last issued 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). KB Financial Group had a net margin of 16.03% and a return on equity of 9.76%. The company had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $4.45 billion. On average, equities analysts predict that KB Financial Group Inc will post 8.87 EPS for the current 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.