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

Pzena Investment Management LLC grew its holdings in KB Financial Group Inc (NYSE:KB - Free Report) by 29.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,351 shares of the bank's stock after acquiring an additional 11,410 shares during the period. Pzena Investment Management LLC's holdings in KB Financial Group were worth $2,724,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings 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 period. Bridgewater Advisors Inc. bought a new stake in shares of KB Financial Group during the 1st quarter worth $434,000. Cerity Partners LLC boosted its holdings in shares of KB Financial Group by 63.7% during the 1st quarter. Cerity Partners LLC now owns 46,620 shares of the bank's stock worth $2,523,000 after buying an additional 18,149 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of KB Financial Group by 2.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 174,242 shares of the bank's stock worth $9,428,000 after buying an additional 4,448 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of KB Financial Group by 12.3% during the 1st quarter. Bank of New York Mellon Corp now owns 14,714 shares of the bank's stock worth $796,000 after buying an additional 1,608 shares during the period. 11.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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 Stock Performance

KB Financial Group stock traded down $1.06 during mid-day trading on Friday, reaching $81.68. The company had a trading volume of 260,452 shares, compared to its average volume of 190,402. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.40. KB Financial Group Inc has a 52 week low of $46.38 and a 52 week high of $89.45. The company has a 50 day moving average of $77.67 and a 200-day moving average of $64.49. The firm has a market cap of $31.16 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 0.63 and a beta of 1.06.

KB Financial Group (NYSE:KB - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $3.02 earnings per share for the quarter, missing analysts' consensus estimates of $3.04 by ($0.02). KB Financial Group had a net margin of 16.03% and a return on equity of 9.76%. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $4.45 billion. On average, sell-side analysts expect 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.