KB Financial Group Inc $KB Stake Lifted by Artemis Investment Management LLP

Key Points

• Artemis Investment Management LLP increased its KB Financial Group stake by 202.5% in the third quarter, ending with 36,202 shares valued at approximately $4.46 million.
• KB Financial Group reported quarterly EPS of $3.67, beating analyst expectations of $3.51, while revenue reached $3.49 billion versus the $3.45 billion consensus estimate.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy”; the stock opened at $122.07 and has traded between $77.44 and $133.29 over the past year.

Artemis Investment Management LLP boosted its holdings in KB Financial Group Inc (NYSE:KB - Free Report) by 202.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,202 shares of the bank's stock after purchasing an additional 24,234 shares during the quarter. Artemis Investment Management LLP's holdings in KB Financial Group were worth $4,456,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Eastern Bank boosted its stake in shares of KB Financial Group by 41.5% during the third quarter. Eastern Bank now owns 324 shares of the bank's stock worth $40,000 after buying an additional 95 shares during the period. Bell Investment Advisors Inc boosted its position in shares of KB Financial Group by 29.3% during the 1st quarter. Bell Investment Advisors Inc now owns 477 shares of the bank's stock worth $48,000 after purchasing an additional 108 shares in the last quarter. First Horizon Corp boosted its holdings in KB Financial Group by 36.2% during the first quarter. First Horizon Corp now owns 489 shares of the bank's stock worth $49,000 after buying an additional 130 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of KB Financial Group by 90.0% in the 1st quarter. V Square Quantitative Management LLC now owns 496 shares of the bank's stock worth $49,000 after acquiring an additional 235 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of KB Financial Group in the first quarter valued at $108,000. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

KB Financial Group Stock Performance

Shares of KB opened at $122.07 on Friday. The company has a 50-day moving average of $123.83 and a two-hundred day moving average of $113.48. The stock has a market cap of $43.30 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.75 and a beta of 1.05. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.64 and a quick ratio of 1.64. KB Financial Group Inc has a one year low of $77.44 and a one year high of $133.29.

KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings results on Friday, August 14th. The bank reported $3.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.51 by $0.16. KB Financial Group had a net margin of 17.67% and a return on equity of 10.11%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.45 billion. On average, equities research analysts expect that KB Financial Group Inc will post 12.91 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on KB shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of KB Financial Group in a research note on Monday, September 21st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of KB Financial Group in a research report on Wednesday, July 1st. Finally, Zacks Research cut KB Financial Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

KB Financial Group Company Profile

KB Financial Group Inc is a South Korean financial holding company headquartered in Seoul. Established in 2008, the group provides a broad range of financial products and services through subsidiaries serving individuals, businesses, and institutional customers in South Korea and selected international markets.

Its principal subsidiary is KB Kookmin Bank, one of South Korea's major commercial banks, which offers deposits, consumer and commercial lending, payments, wealth management, foreign exchange, and related banking services.

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