JPMorgan Chase & Co. Acquires 19,608 Shares of KB Financial Group Inc $KB

Key Points

• JPMorgan Chase & Co. increased its stake in KB Financial Group by 45.4% in Q3, buying an additional 19,608 shares to hold 62,786 shares worth about $5.206 million per its latest 13F filing.
• KB trades on the NYSE with a market cap of $37.57 billion and a PE of 9.44; it reported $1.43 EPS for the most recent quarter, analysts expect about 8.87 EPS for the year, and the consensus rating is Moderate Buy.

JPMorgan Chase & Co. grew its holdings in KB Financial Group Inc (NYSE:KB - Free Report) by 45.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,786 shares of the bank's stock after purchasing an additional 19,608 shares during the quarter. JPMorgan Chase & Co.'s holdings in KB Financial Group were worth $5,206,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Corp bought a new position in shares of KB Financial Group in the third quarter valued at about $30,000. Jones Financial Companies Lllp grew its holdings in KB Financial Group by 187.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 500 shares of the bank's stock worth $40,000 after acquiring an additional 326 shares during the last quarter. Triumph Capital Management acquired a new stake in KB Financial Group in the 3rd quarter valued at about $46,000. Smartleaf Asset Management LLC increased its position in KB Financial Group by 397.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 727 shares of the bank's stock valued at $60,000 after acquiring an additional 581 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in shares of KB Financial Group by 275.4% in the third quarter. CIBC Private Wealth Group LLC now owns 747 shares of the bank's stock worth $62,000 after acquiring an additional 548 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

KB Financial Group Stock Up 1.0%

Shares of NYSE KB opened at $100.77 on Thursday. The firm has a market capitalization of $37.57 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 0.61 and a beta of 1.04. The company has a current ratio of 1.64, a quick ratio of 1.65 and a debt-to-equity ratio of 2.48. KB Financial Group Inc has a 1 year low of $46.38 and a 1 year high of $119.71. The firm's 50-day moving average is $103.85 and its 200-day moving average is $91.46.

KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings results on Saturday, January 31st. The bank reported $1.43 earnings per share for the quarter. KB Financial Group had a net margin of 17.16% and a return on equity of 9.67%. Equities analysts expect that KB Financial Group Inc will post 8.87 EPS for the current year.

Wall Street Analyst Weigh In

KB has been the topic of several research analyst reports. Zacks Research raised shares of KB Financial Group from a "strong sell" rating to a "hold" rating in a research note on Monday, February 2nd. Wall Street Zen raised KB Financial Group from a "hold" rating to a "buy" rating in a report on Saturday, March 14th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of KB Financial Group in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

About KB Financial Group

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company's principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.

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