Deutsche Bank AG Invests $1.15 Million in KB Financial Group Inc. (NYSE:KB)

Deutsche Bank AG bought a new stake in KB Financial Group Inc. (NYSE:KB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,200 shares of the bank's stock, valued at approximately $1,149,000.

Other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers raised its stake in KB Financial Group by 7.4% during the fourth quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock worth $214,000 after acquiring an additional 258 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of KB Financial Group during the 4th quarter worth approximately $896,000. BNP Paribas Financial Markets boosted its holdings in shares of KB Financial Group by 62.9% during the 4th quarter. BNP Paribas Financial Markets now owns 20,072 shares of the bank's stock worth $1,142,000 after buying an additional 7,753 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of KB Financial Group by 85.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,096 shares of the bank's stock worth $631,000 after purchasing an additional 5,103 shares in the last quarter. Finally, Triumph Capital Management bought a new position in shares of KB Financial Group in the 4th quarter worth $228,000. Institutional investors own 11.52% of the company's stock.

Analyst Ratings Changes

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

KB Financial Group Price Performance

Shares of NYSE KB traded down $0.48 during trading hours on Wednesday, reaching $73.10. 183,260 shares of the stock traded hands, compared to its average volume of 190,679. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The company's 50-day simple moving average is $59.97 and its two-hundred day simple moving average is $60.03. The company has a market capitalization of $28.77 billion, a P/E ratio of 8.52, a price-to-earnings-growth ratio of 0.52 and a beta of 0.98. KB Financial Group Inc. has a 52-week low of $46.38 and a 52-week high of $74.71.

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

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.