3,947 Shares in KB Financial Group Inc (NYSE:KB) Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC bought a new position in KB Financial Group Inc (NYSE:KB - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,947 shares of the bank's stock, valued at approximately $214,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Deltec Asset Management LLC raised its stake in KB Financial Group by 7.4% during the first quarter. Deltec Asset Management LLC now owns 17,500 shares of the bank's stock worth $947,000 after acquiring an additional 1,200 shares during the period. QRG Capital Management Inc. raised 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 period. Wealth Enhancement Advisory Services LLC raised its stake 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 acquiring an additional 2,135 shares during the period. SG Americas Securities LLC raised 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 acquiring an additional 22,876 shares during the period. Finally, Bruce G. Allen Investments LLC raised its stake in KB Financial Group by 141.8% during the first quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank's stock worth $50,000 after acquiring an additional 543 shares during the period. Institutional investors own 11.52% of the company's stock.

Wall Street Analyst Weigh In

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

KB Financial Group Stock Performance

KB traded up $1.54 during trading hours on Friday, hitting $85.64. The company's stock had a trading volume of 113,972 shares, compared to its average volume of 193,637. KB Financial Group Inc has a fifty-two week low of $46.38 and a fifty-two week high of $86.18. 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 firm has a market capitalization of $32.67 billion, a PE ratio of 8.31, a PEG ratio of 0.65 and a beta of 1.06. The company has a 50-day simple moving average of $73.97 and a 200 day simple moving average of $62.87.

KB Financial Group (NYSE:KB - Get Free Report) last posted its earnings results on Thursday, April 24th. The bank reported $3.02 EPS for the quarter, missing the consensus estimate 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 business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $4.45 billion. As a group, sell-side analysts expect that KB Financial Group Inc will post 8.87 EPS for the current 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.