GAMMA Investing LLC Has $2.62 Million Stake in KB Financial Group Inc. (NYSE:KB)

GAMMA Investing LLC lifted its position in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 3,678.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,320 shares of the bank's stock after acquiring an additional 47,041 shares during the quarter. GAMMA Investing LLC's holdings in KB Financial Group were worth $2,615,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of KB Financial Group by 4.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,213 shares of the bank's stock worth $1,378,000 after purchasing an additional 1,050 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in KB Financial Group by 2.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 121,523 shares of the bank's stock worth $6,915,000 after buying an additional 3,452 shares during the period. Vise Technologies Inc. lifted its holdings in KB Financial Group by 253.1% during the fourth quarter. Vise Technologies Inc. now owns 21,208 shares of the bank's stock worth $1,207,000 after acquiring an additional 15,202 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new position in KB Financial Group during the fourth quarter worth about $5,489,000. Finally, Quantinno Capital Management LP grew its stake in KB Financial Group by 12.9% in the fourth quarter. Quantinno Capital Management LP now owns 23,367 shares of the bank's stock valued at $1,330,000 after acquiring an additional 2,670 shares during the period. 11.52% of the stock is owned by institutional investors.

KB Financial Group Stock Down 1.5%

KB traded down $1.17 on Friday, hitting $78.44. 251,663 shares of the company were exchanged, compared to its average volume of 196,049. The stock's fifty day moving average is $65.44 and its 200-day moving average is $60.94. KB Financial Group Inc. has a 12 month low of $46.38 and a 12 month high of $81.63. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $30.87 billion, a PE ratio of 9.14, a PEG ratio of 0.52 and a beta of 1.05.

KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings data 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 12.33% and a return on equity of 7.71%. Equities research analysts predict that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.

Analyst Ratings Changes

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

KB Financial Group 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.