Freedom Investment Management Inc. Makes New Investment in KB Financial Group Inc $KB

Key Points

• Freedom Investment Management Inc. acquired 4,081 shares of KB Financial Group Inc, worth approximately $221,000, during the first quarter of the year.
• KB Financial Group has recently declared a quarterly dividend of $0.657, with a 3.3% yield, to be paid on August 29th.
• KB Financial Group reported $3.16 EPS for the last quarter, surpassing analyst expectations, and has a market capitalization of $30.27 billion.

Freedom Investment Management Inc. purchased a new position in shares of KB Financial Group Inc (NYSE:KB - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,081 shares of the bank's stock, valued at approximately $221,000.

Several other hedge funds also recently modified their holdings of KB. Wealth Enhancement Advisory Services LLC boosted its position in shares of 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 worth $1,426,000 after acquiring an additional 2,135 shares during the last quarter. QRG Capital Management Inc. raised its holdings 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 buying an additional 1,126 shares during the period. Perigon Wealth Management LLC purchased a new position in KB Financial Group in the first quarter valued at approximately $214,000. Deutsche Bank AG purchased a new position in KB Financial Group in the fourth quarter valued at approximately $1,149,000. Finally, Victory Capital Management Inc. raised its holdings in KB Financial Group by 27.3% in the first quarter. Victory Capital Management Inc. now owns 15,620 shares of the bank's stock valued at $845,000 after buying an additional 3,345 shares during the period. 11.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of KB Financial Group from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy".

KB Financial Group Stock Down 0.9%

Shares of KB stock traded down $0.69 during mid-day trading on Tuesday, reaching $77.97. 53,472 shares of the company were exchanged, compared to its average volume of 194,439. The company has a market capitalization of $29.74 billion, a P/E ratio of 7.48, a P/E/G ratio of 0.60 and a beta of 1.07. The business's 50 day simple moving average is $81.95 and its 200 day simple moving average is $69.24. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.67 and a current ratio of 1.67. KB Financial Group Inc has a fifty-two week low of $46.38 and a fifty-two week high of $92.39.

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, beating the consensus estimate of $3.15 by $0.01. The firm had revenue of $3.32 billion for the quarter, compared to analysts' expectations of $3.20 billion. KB Financial Group had a net margin of 16.16% and a return on equity of 9.79%. Research 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. Shareholders of record on Friday, August 8th were issued a $0.657 dividend. This represents a $2.63 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 8th. KB Financial Group's payout ratio is currently 20.37%.

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.