LGT Group Foundation Invests $298,000 in KB Financial Group Inc (NYSE:KB)

Key Points

• The LGT Group Foundation has acquired a stake in KB Financial Group Inc, purchasing 5,515 shares valued at approximately $298,000.
• Multiple institutional investors have increased their stakes in KB Financial Group, with Northern Trust Corp leading with a 310% increase in holdings.
• Wall Street Zen downgraded KB Financial Group's rating from "buy" to "hold", indicating a shift in analyst sentiment towards the stock.

LGT Group Foundation bought a new stake in shares of KB Financial Group Inc (NYSE:KB - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,515 shares of the bank's stock, valued at approximately $298,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KB. Bruce G. Allen Investments LLC grew its holdings in KB Financial Group by 141.8% during the 1st quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank's stock valued at $50,000 after buying an additional 543 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in KB Financial Group by 659.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock valued at $137,000 after buying an additional 2,097 shares in the last quarter. Cetera Investment Advisers grew its holdings in KB Financial Group by 7.4% during the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock valued at $214,000 after buying an additional 258 shares in the last quarter. Perigon Wealth Management LLC purchased a new position in KB Financial Group during the 1st quarter valued at approximately $214,000. Finally, Triumph Capital Management purchased a new position in KB Financial Group during the 4th quarter valued at approximately $228,000. Institutional investors own 11.52% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut KB Financial Group from a "buy" rating to a "hold" rating in a report on Sunday, August 10th.

KB Financial Group Price Performance

NYSE KB traded down $0.01 during trading on Friday, hitting $81.87. 128,588 shares of the stock traded hands, compared to its average volume of 276,965. The company has a market capitalization of $31.23 billion, a P/E ratio of 7.86, a price-to-earnings-growth ratio of 0.63 and a beta of 1.06. The firm has a 50-day simple moving average of $82.10 and a 200-day simple moving average of $67.70. 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 12-month low of $46.38 and a 12-month high of $92.39.

KB Financial Group (NYSE:KB - Get Free Report) last announced its earnings results on Thursday, August 14th. The bank reported $3.16 EPS for the quarter, topping analysts' consensus estimates of $3.15 by $0.01. The firm 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 9.76% and a net margin of 16.03%. As a group, analysts predict that KB Financial Group Inc will post 8.87 EPS for the current year.

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.