Public Employees Retirement System of Ohio Invests $4.12 Million in KB Financial Group Inc $KB

Key Points

• Public Employees Retirement System of Ohio purchased 39,210 shares of KB Financial Group, valued at approximately $4.12 million. Institutional investors and hedge funds collectively own 11.52% of the company.
• Analysts remain bullish, with Goldman Sachs, Weiss Ratings, and Zacks Research issuing buy or strong-buy assessments; MarketBeat reports an average rating of “Buy.”
• KB Financial Group reported quarterly EPS of $3.67, beating estimates of $3.51, while revenue of $3.49 billion also exceeded forecasts. The stock recently traded at $132.38, near its 52-week high of $133.08.

Public Employees Retirement System of Ohio purchased a new position in shares of KB Financial Group Inc (NYSE:KB - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 39,210 shares of the bank's stock, valued at approximately $4,115,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. lifted its position in shares of KB Financial Group by 131.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank's stock worth $35,000 after purchasing an additional 229 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of KB Financial Group in the 4th quarter valued at $39,000. Leonteq Securities AG acquired a new position in shares of KB Financial Group in the 4th quarter valued at approximately $43,000. Triumph Capital Management bought a new stake in shares of KB Financial Group during the third quarter worth $46,000. Finally, Bell Investment Advisors Inc increased its holdings in KB Financial Group by 29.3% during the 1st quarter. Bell Investment Advisors Inc now owns 477 shares of the bank's stock worth $48,000 after purchasing an additional 108 shares in the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KB shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of KB Financial Group in a research note on Wednesday, July 1st. Weiss Ratings reissued a "buy (b)" rating on shares of KB Financial Group in a research note on Wednesday, June 24th. Finally, Zacks Research raised shares of KB Financial Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to MarketBeat, KB Financial Group presently has an average rating of "Buy".

KB Financial Group Trading Up 4.9%

KB Financial Group stock opened at $132.38 on Friday. The stock has a 50-day simple moving average of $117.88 and a 200 day simple moving average of $110.04. The stock has a market capitalization of $46.95 billion, a P/E ratio of 11.36, a PEG ratio of 0.76 and a beta of 1.02. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.64 and a current ratio of 1.64. KB Financial Group Inc has a 52 week low of $76.31 and a 52 week high of $133.08.

KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings data on Friday, August 14th. The bank reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.16. KB Financial Group had a return on equity of 10.11% and a net margin of 17.67%.The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.45 billion. Analysts expect that KB Financial Group Inc will post 12.91 earnings per share for the current year.

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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