Envestnet Asset Management Inc. Has $9.43 Million Position in KB Financial Group Inc (NYSE:KB)

Envestnet Asset Management Inc. lifted its stake in KB Financial Group Inc (NYSE:KB - Free Report) by 2.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 174,242 shares of the bank's stock after purchasing an additional 4,448 shares during the quarter. Envestnet Asset Management Inc.'s holdings in KB Financial Group were worth $9,428,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Northern Trust Corp raised its position in KB Financial Group by 310.0% during the fourth quarter. Northern Trust Corp now owns 912,529 shares of the bank's stock valued at $51,923,000 after buying an additional 689,979 shares during the period. American Century Companies Inc. boosted its holdings in shares of KB Financial Group by 4.9% during the fourth quarter. American Century Companies Inc. now owns 613,203 shares of the bank's stock worth $34,891,000 after purchasing an additional 28,627 shares during the period. Capital International Investors grew its position in KB Financial Group by 7.2% during the fourth quarter. Capital International Investors now owns 512,752 shares of the bank's stock valued at $29,194,000 after purchasing an additional 34,585 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in KB Financial Group by 4.9% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 447,400 shares of the bank's stock valued at $25,457,000 after purchasing an additional 20,970 shares in the last quarter. Finally, Trinity Street Asset Management LLP increased its stake in 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 during the period. Institutional investors and hedge funds own 11.52% of the company's stock.

KB Financial Group Stock Up 7.4%

NYSE KB traded up $6.22 on Thursday, reaching $90.46. The stock had a trading volume of 981,626 shares, compared to its average volume of 190,423. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.40. KB Financial Group Inc has a 1 year low of $46.38 and a 1 year high of $92.39. The business has a 50 day moving average price of $79.45 and a 200 day moving average price of $65.43. The company has a market capitalization of $34.51 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of 0.63 and a beta of 1.06.

KB Financial Group (NYSE:KB - Get Free Report) last posted 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 business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $4.45 billion. KB Financial Group had a net margin of 16.03% and a return on equity of 9.76%. On average, analysts forecast that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

Analysts Set New Price Targets

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