KB Financial Group Inc $KB Shares Acquired by Ramirez Asset Management Inc.

Key Points

• Ramirez Asset Management Inc. increased its stake in KB Financial Group by 24.6%, making it the second largest position in their portfolio, with holdings valued at approximately $25.1 million.
• In addition to Ramirez, other institutional investors such as GAMMA Investing LLC and Farther Finance Advisors LLC have also significantly increased their positions in KB Financial Group during the second quarter.
• KB Financial Group reported a quarterly EPS of $3.16, beating estimates, and declared a quarterly dividend of $0.657 with a yield of 3.2%.

Ramirez Asset Management Inc. raised its stake in KB Financial Group Inc (NYSE:KB - Free Report) by 24.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 304,298 shares of the bank's stock after buying an additional 60,056 shares during the period. KB Financial Group comprises about 3.8% of Ramirez Asset Management Inc.'s portfolio, making the stock its 2nd biggest position. Ramirez Asset Management Inc. owned 0.08% of KB Financial Group worth $25,132,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of KB Financial Group by 105.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,836 shares of the bank's stock valued at $152,000 after buying an additional 943 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of KB Financial Group by 215.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,134 shares of the bank's stock valued at $176,000 after buying an additional 1,457 shares during the last quarter. Cresset Asset Management LLC bought a new stake in shares of KB Financial Group in the 1st quarter valued at about $207,000. Vontobel Holding Ltd. bought a new stake in shares of KB Financial Group in the 2nd quarter valued at about $211,000. Finally, Perigon Wealth Management LLC bought a new stake in shares of KB Financial Group in the 1st quarter valued at about $214,000. Institutional investors own 11.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KB shares. Weiss Ratings reiterated a "buy (b)" rating on shares of KB Financial Group in a research report on Wednesday. Wall Street Zen lowered KB Financial Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, KB Financial Group has a consensus rating of "Buy".

KB Financial Group Stock Down 0.0%

Shares of KB Financial Group stock opened at $82.37 on Friday. KB Financial Group Inc has a one year low of $46.38 and a one year high of $92.39. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.67 and a quick ratio of 1.67. The stock's 50-day moving average is $81.31 and its 200 day moving average is $74.24. The firm has a market cap of $31.42 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 0.63 and a beta of 1.10.

KB Financial Group (NYSE:KB - Get Free Report) last announced its earnings results on Thursday, August 14th. The bank reported $3.16 EPS for the quarter, beating the consensus estimate of $3.15 by $0.01. The company 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%. Equities research analysts anticipate that KB Financial Group Inc will post 8.87 EPS for the current year.

KB Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were issued a $0.657 dividend. The ex-dividend date was Friday, August 8th. This represents a $2.63 annualized dividend and a yield of 3.2%. KB Financial Group's dividend payout ratio is presently 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.

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