Northern Trust Corp Purchases 44,564 Shares of KB Financial Group Inc $KB

Key Points

• Northern Trust Corp increased its position in KB Financial Group by 4.9%, owning 957,093 shares valued at approximately $51.79 million as of the latest SEC filing.
• Analysts have mixed opinions on KB Financial Group, with one firm recently downgrading the stock from a "buy" to a "hold" rating, although the average analyst rating remains a "buy".
• KB Financial reported a quarterly earnings per share of $3.16, slightly exceeding analyst expectations, and had revenue of $3.32 billion for the quarter.

Northern Trust Corp raised its stake in shares of KB Financial Group Inc (NYSE:KB - Free Report) by 4.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 957,093 shares of the bank's stock after buying an additional 44,564 shares during the quarter. Northern Trust Corp owned about 0.24% of KB Financial Group worth $51,788,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in KB. Ranmore Fund Management Ltd purchased a new position in KB Financial Group during the first quarter valued at $12,746,000. Silvercrest Asset Management Group LLC purchased a new position in KB Financial Group during the fourth quarter valued at $5,489,000. Trinity Street Asset Management LLP raised its stake in KB Financial Group by 35.6% during the first quarter. Trinity Street Asset Management LLP now owns 330,384 shares of the bank's stock valued at $17,877,000 after buying an additional 86,737 shares during the last quarter. GAMMA Investing LLC raised its stake in KB Financial Group by 3,678.0% during the first quarter. GAMMA Investing LLC now owns 48,320 shares of the bank's stock valued at $2,615,000 after buying an additional 47,041 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in KB Financial Group by 3.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 844,377 shares of the bank's stock valued at $45,689,000 after buying an additional 28,484 shares during the last quarter. Hedge funds and other institutional investors own 11.52% of the company's stock.

KB Financial Group Stock Down 0.4%

Shares of KB stock traded down $0.30 during mid-day trading on Tuesday, hitting $78.36. The company's stock had a trading volume of 113,985 shares, compared to its average volume of 134,563. KB Financial Group Inc has a 52-week low of $46.38 and a 52-week high of $92.39. The business has a 50-day moving average price of $81.86 and a 200 day moving average price of $69.30. 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 stock has a market cap of $29.89 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.60 and a beta of 1.07.

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

KB Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were issued a $0.657 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.63 annualized dividend and a dividend yield of 3.4%. KB Financial Group's payout ratio is presently 20.37%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut 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, Based on data from MarketBeat, the company currently has an average rating of "Buy".

KB Financial Group 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.