GAMMA Investing LLC Purchases 47,041 Shares of KB Financial Group Inc. (NYSE:KB)

GAMMA Investing LLC lifted its holdings in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 3,678.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,320 shares of the bank's stock after purchasing an additional 47,041 shares during the quarter. GAMMA Investing LLC's holdings in KB Financial Group were worth $2,615,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Northern Trust Corp boosted its position in KB Financial Group by 310.0% in 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in KB Financial Group in the fourth quarter valued at approximately $7,301,000. Silvercrest Asset Management Group LLC acquired a new stake in KB Financial Group in the fourth quarter valued at approximately $5,489,000. Mirabella Financial Services LLP acquired a new stake in KB Financial Group in the fourth quarter valued at approximately $5,000,000. Finally, Marshall Wace LLP boosted its position in KB Financial Group by 19.5% in the fourth quarter. Marshall Wace LLP now owns 256,689 shares of the bank's stock valued at $14,606,000 after buying an additional 41,818 shares in the last quarter. 11.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

KB Financial Group Trading Up 2.2%

Shares of KB stock traded up $1.72 during trading hours on Monday, hitting $80.11. 187,022 shares of the company's stock traded hands, compared to its average volume of 195,980. The stock's 50 day simple moving average is $66.74 and its 200 day simple moving average is $60.95. The stock has a market cap of $31.53 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 0.52 and a beta of 1.05. KB Financial Group Inc. has a 12 month low of $46.38 and a 12 month high of $81.63. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29.

KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The bank reported $3.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.02). The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $4.45 billion. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. On average, sell-side analysts anticipate 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.