Dimensional Fund Advisors LP Acquires 7,386 Shares of KB Financial Group Inc $KB

Key Points

• Dimensional Fund Advisors LP increased its stake in KB Financial Group Inc by 0.3% during Q1, owning approximately 2.49 million shares valued at $134.9 million.
• KB Financial Group recently reported $3.16 earnings per share, slightly exceeding analyst expectations of $3.15 and had a revenue of $3.32 billion.
• Analysts have revised KB Financial Group's stock rating from "buy" to "hold," although the stock still maintains an average rating of "buy" across the board.

Dimensional Fund Advisors LP grew its stake in KB Financial Group Inc (NYSE:KB - Free Report) by 0.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,494,535 shares of the bank's stock after acquiring an additional 7,386 shares during the period. Dimensional Fund Advisors LP owned 0.63% of KB Financial Group worth $134,946,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KB. Bruce G. Allen Investments LLC increased its position in KB Financial Group by 141.8% during the first quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank's stock worth $50,000 after buying an additional 543 shares during the last quarter. Tower Research Capital LLC TRC increased its position in KB Financial Group by 659.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock worth $137,000 after buying an additional 2,097 shares during the last quarter. Cetera Investment Advisers increased its position in KB Financial Group by 7.4% during the fourth quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock worth $214,000 after buying an additional 258 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in KB Financial Group during the first quarter worth approximately $214,000. Finally, Triumph Capital Management acquired a new position in KB Financial Group during the fourth quarter worth approximately $228,000. Institutional investors own 11.52% of the company's stock.

KB Financial Group Price Performance

Shares of KB stock traded up $0.40 during trading on Wednesday, hitting $78.23. The company had a trading volume of 125,112 shares, compared to its average volume of 168,440. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a market capitalization of $29.84 billion, a P/E ratio of 7.52, a price-to-earnings-growth ratio of 0.60 and a beta of 1.06. The stock's 50-day moving average price is $81.94 and its 200 day moving average price is $68.62. KB Financial Group Inc has a one year low of $46.38 and a one year high of $92.39.

KB Financial Group (NYSE:KB - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.01. The business had revenue of $3.32 billion during the quarter, compared to analysts' expectations of $3.20 billion. KB Financial Group had a return on equity of 9.79% and a net margin of 16.16%. Equities analysts expect that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.