D. E. Shaw & Co. Inc. Has $1.08 Million Stake in KB Financial Group Inc. (NYSE:KB)

D. E. Shaw & Co. Inc. increased its holdings in KB Financial Group Inc. (NYSE:KB - Free Report) by 40.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,949 shares of the bank's stock after purchasing an additional 5,427 shares during the period. D. E. Shaw & Co. Inc.'s holdings in KB Financial Group were worth $1,078,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of KB. Tower Research Capital LLC TRC raised its holdings in 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 worth $137,000 after acquiring an additional 2,097 shares during the period. Hudson Edge Investment Partners Inc. increased its stake in shares of KB Financial Group by 5.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock worth $198,000 after purchasing an additional 168 shares during the period. Cetera Investment Advisers lifted its position in shares of 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 purchasing an additional 258 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of KB Financial Group during the 4th quarter worth about $222,000. Finally, Triumph Capital Management bought a new stake in KB Financial Group during the 4th quarter valued at approximately $228,000. 11.52% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Stock Performance

Shares of KB Financial Group stock traded up $0.77 during midday trading on Thursday, hitting $73.77. The company had a trading volume of 39,432 shares, compared to its average volume of 175,583. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. KB Financial Group Inc. has a 1-year low of $46.38 and a 1-year high of $74.04. The business's 50 day simple moving average is $60.32 and its two-hundred day simple moving average is $60.12. The stock has a market cap of $29.03 billion, a PE ratio of 8.60, a P/E/G ratio of 0.52 and a beta of 0.98.

KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The bank reported $3.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.02). The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $4.45 billion. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. As a group, equities analysts predict that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised KB Financial Group from a "hold" rating to a "buy" rating in a research 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.