Nykredit A S Takes Position in KB Financial Group Inc $KB

Key Points

• Nykredit A/S acquired 104,099 shares of KB Financial Group in the second quarter, valued at approximately $10.9 million. Other institutional investors also increased their positions, though institutional ownership remains relatively modest at 11.52%.
• Analysts maintain a positive outlook: KB Financial Group has a consensus “Buy” rating, including one Strong Buy rating, while Zacks Research recently upgraded the stock to Strong Buy.
• KB Financial Group reported quarterly EPS of $3.67, beating estimates of $3.51, and revenue of $3.49 billion versus expectations of $3.45 billion. Shares opened at $126.86, near their 12-month high of $133.29.

Nykredit A S acquired a new position in KB Financial Group Inc (NYSE:KB - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 104,099 shares of the bank's stock, valued at approximately $10,926,000.

Other large investors have also modified their holdings of the company. Corient Private Wealth LP boosted its holdings in KB Financial Group by 27.4% during the second quarter. Corient Private Wealth LP now owns 28,221 shares of the bank's stock valued at $2,962,000 after acquiring an additional 6,072 shares during the period. HB Wealth Management LLC grew its holdings in shares of KB Financial Group by 29.8% during the 2nd quarter. HB Wealth Management LLC now owns 6,354 shares of the bank's stock worth $667,000 after purchasing an additional 1,459 shares in the last quarter. Angeles Wealth Management LLC raised its stake in shares of KB Financial Group by 16.5% in the 2nd quarter. Angeles Wealth Management LLC now owns 2,564 shares of the bank's stock valued at $269,000 after buying an additional 364 shares in the last quarter. MW Advisory LLC bought a new stake in KB Financial Group in the second quarter valued at about $336,000. Finally, Syon Capital LLC raised its holdings in shares of KB Financial Group by 96.5% in the 2nd quarter. Syon Capital LLC now owns 5,590 shares of the bank's stock worth $587,000 after buying an additional 2,745 shares in the last quarter. 11.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

KB Financial Group Trading Down 0.1%

KB opened at $126.86 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.53. The stock has a market capitalization of $45.00 billion, a P/E ratio of 10.89, a P/E/G ratio of 0.76 and a beta of 1.02. The firm's fifty day simple moving average is $122.02 and its 200 day simple moving average is $111.18. KB Financial Group Inc has a 12 month low of $77.44 and a 12 month high of $133.29.

KB Financial Group (NYSE:KB - Get Free Report) last announced its 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. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.45 billion. KB Financial Group had a return on equity of 10.11% and a net margin of 17.67%. As a group, research analysts anticipate that KB Financial Group Inc will post 12.91 EPS for the current fiscal year.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korean financial holding company headquartered in Seoul. Established in 2008, the group operates through a network of subsidiaries that provide banking, securities, insurance, asset management, credit card, consumer finance and other financial services to individuals, businesses and institutional clients.

Its principal subsidiary, KB Kookmin Bank, offers deposit accounts, lending, wealth management, foreign exchange, payments and corporate banking services.

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