Amundi Boosts Holdings in KB Financial Group Inc $KB

Key Points

• Amundi has increased its holdings in KB Financial Group by 72.3%, acquiring an additional 32,250 shares, bringing its total ownership to 76,861 shares valued at approximately $4 million.
• Multiple institutional investors have modified their stakes in KB Financial Group, with Dimensional Fund Advisors increasing its holdings by 0.3% and Trinity Street Asset Management by 35.6% in Q1.
• KB Financial Group reported a quarterly earnings per share (EPS) of $3.16, surpassing expectations, and announced a quarterly dividend of $0.657 per share, reflecting a yield of 3.1%.

Amundi boosted its position in KB Financial Group Inc (NYSE:KB - Free Report) by 72.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,861 shares of the bank's stock after buying an additional 32,250 shares during the period. Amundi's holdings in KB Financial Group were worth $4,021,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in 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 valued at $1,426,000 after acquiring an additional 2,135 shares during the period. QRG Capital Management Inc. raised its stake in shares of KB Financial Group by 9.2% during the 1st quarter. QRG Capital Management Inc. now owns 13,395 shares of the bank's stock worth $725,000 after buying an additional 1,126 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in shares of KB Financial Group during the 1st quarter worth $214,000. Deutsche Bank AG acquired a new position in shares of KB Financial Group during the 4th quarter worth $1,149,000. Finally, Victory Capital Management Inc. raised its stake in shares of KB Financial Group by 27.3% during the 1st quarter. Victory Capital Management Inc. now owns 15,620 shares of the bank's stock worth $845,000 after buying an additional 3,345 shares during the last quarter. Institutional investors and hedge funds own 11.52% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded KB Financial Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

KB Financial Group Price Performance

KB stock traded up $1.40 during trading on Friday, hitting $85.40. The stock had a trading volume of 123,656 shares, compared to its average volume of 126,076. The company's 50 day moving average price is $81.50 and its two-hundred day moving average price is $70.62. KB Financial Group Inc has a 1-year low of $46.38 and a 1-year high of $92.39. The stock has a market cap of $32.58 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 0.64 and a beta of 1.07. 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 (NYSE:KB - Get Free Report) last announced its earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.01. KB Financial Group had a net margin of 16.16% and a return on equity of 9.79%. The firm had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.20 billion. On average, sell-side analysts forecast that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

KB Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were paid a $0.657 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.63 annualized dividend and a yield of 3.1%. KB Financial Group's 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.