Foster Group Inc. purchased a new stake in shares of KB Financial Group Inc (NYSE:KB - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,545 shares of the bank's stock, valued at approximately $293,000.
Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of KB Financial Group by 8.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,348 shares of the bank's stock valued at $1,426,000 after buying an additional 2,135 shares during the last quarter. QRG Capital Management Inc. raised its holdings in shares of KB Financial Group by 9.2% in the 1st quarter. QRG Capital Management Inc. now owns 13,395 shares of the bank's stock valued at $725,000 after acquiring an additional 1,126 shares in the last quarter. Perigon Wealth Management LLC bought a new stake in KB Financial Group during the first quarter valued at approximately $214,000. Deutsche Bank AG bought a new stake in KB Financial Group during the fourth quarter valued at approximately $1,149,000. Finally, Victory Capital Management Inc. lifted its position in KB Financial Group by 27.3% during the first quarter. Victory Capital Management Inc. now owns 15,620 shares of the bank's stock valued at $845,000 after purchasing an additional 3,345 shares during the last quarter. Hedge funds and other institutional investors own 11.52% of the company's stock.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered KB Financial Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, KB Financial Group presently has an average rating of "Buy".
Check Out Our Latest Report on KB Financial Group
KB Financial Group Price Performance
KB opened at $84.24 on Tuesday. The stock's 50 day simple moving average is $81.45 and its 200 day simple moving average is $72.01. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.67 and a quick ratio of 1.67. KB Financial Group Inc has a 1 year low of $46.38 and a 1 year high of $92.39. The firm has a market cap of $32.13 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 0.64 and a beta of 1.07.
KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.01. The business had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.20 billion. KB Financial Group had a return on equity of 9.79% and a net margin of 16.16%. As a group, analysts predict that KB Financial Group Inc will post 8.87 earnings per share for the current year.
KB Financial Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were given a $0.657 dividend. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, August 8th. KB Financial Group's dividend payout ratio (DPR) is currently 20.37%.
KB Financial Group Company Profile
(
Free Report)
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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