Nykredit A S Purchases Shares of 104,099 KB Financial Group Inc $KB

Key Points

• Nykredit A/S acquired 104,099 shares of KB Financial Group during the second quarter, representing a new position valued at approximately $10.9 million.
• Several other institutional investors also added to or initiated positions, while institutional and hedge-fund ownership reached 11.52% of the company’s outstanding shares.
• KB Financial Group exceeded quarterly earnings expectations, reporting $3.67 in EPS versus the $3.51 consensus and $3.49 billion in revenue; analysts maintain a consensus “Buy” rating.

Nykredit A S bought a new position in KB Financial Group Inc (NYSE:KB - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 104,099 shares of the bank's stock, valued at approximately $10,926,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. InTrack Investment Management Inc bought a new stake in KB Financial Group during the 2nd quarter worth about $256,000. Aubrey Capital Management Ltd acquired a new position in shares of KB Financial Group during the 2nd quarter worth approximately $1,994,000. Greenleaf Trust increased its holdings in shares of KB Financial Group by 6.9% in the second quarter. Greenleaf Trust now owns 16,257 shares of the bank's stock valued at $1,706,000 after purchasing an additional 1,055 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in KB Financial Group in the 2nd quarter valued at about $4,115,000. Finally, Trinity Street Asset Management LLP lifted its holdings in KB Financial Group by 141.4% during the 2nd quarter. Trinity Street Asset Management LLP now owns 146,667 shares of the bank's stock worth $15,394,000 after purchasing an additional 85,904 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

KB Financial Group Price Performance

Shares of NYSE KB opened at $128.21 on Friday. KB Financial Group Inc has a twelve month low of $76.31 and a twelve month high of $133.08. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.53. The firm has a fifty day simple moving average of $118.47 and a 200 day simple moving average of $110.17. The company has a market capitalization of $45.47 billion, a PE ratio of 11.01, a P/E/G ratio of 0.77 and a beta of 1.02.

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

Analysts Set New Price Targets

A number of analysts have issued reports on KB shares. Weiss Ratings reissued a "buy (b)" rating on shares of KB Financial Group in a report on Wednesday, June 24th. The Goldman Sachs Group reissued a "buy" rating on shares of KB Financial Group in a report on Wednesday, July 1st. Finally, Zacks Research upgraded KB Financial Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy".

About KB Financial Group

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company's principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.

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