Pzena Investment Management LLC Has $2.72 Million Stock Position in KB Financial Group Inc (NYSE:KB)

Pzena Investment Management LLC increased its holdings in shares of KB Financial Group Inc (NYSE:KB - Free Report) by 29.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,351 shares of the bank's stock after acquiring an additional 11,410 shares during the quarter. Pzena Investment Management LLC's holdings in KB Financial Group were worth $2,724,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in KB Financial Group by 8.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,348 shares of the bank's stock worth $1,426,000 after purchasing an additional 2,135 shares in the last quarter. QRG Capital Management Inc. increased its stake in KB Financial Group by 9.2% during the first quarter. QRG Capital Management Inc. now owns 13,395 shares of the bank's stock worth $725,000 after acquiring an additional 1,126 shares during the last quarter. Perigon Wealth Management LLC purchased a new stake in shares of KB Financial Group during the 1st quarter valued at about $214,000. Deutsche Bank AG purchased a new stake in KB Financial Group during the 4th quarter worth approximately $1,149,000. Finally, SG Americas Securities LLC lifted its stake in KB Financial Group by 152.1% during the first quarter. SG Americas Securities LLC now owns 37,913 shares of the bank's stock worth $2,051,000 after purchasing an additional 22,876 shares during the last quarter. Institutional investors and hedge funds own 11.52% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of KB Financial Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st.

KB Financial Group Price Performance

NYSE:KB traded up $1.48 during mid-day trading on Monday, hitting $83.17. The company's stock had a trading volume of 226,700 shares, compared to its average volume of 190,263. KB Financial Group Inc has a fifty-two week low of $46.38 and a fifty-two week high of $89.45. The stock has a fifty day moving average of $77.98 and a 200-day moving average of $64.77. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.40. The company has a market capitalization of $31.72 billion, a price-to-earnings ratio of 8.07, a P/E/G ratio of 0.62 and a beta of 1.06.

KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.02). The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $4.45 billion. KB Financial Group had a net margin of 16.03% and a return on equity of 9.76%. As a group, equities analysts forecast that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

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.