SG Americas Securities LLC Buys 22,876 Shares of KB Financial Group Inc. (NYSE:KB)

SG Americas Securities LLC increased its position in KB Financial Group Inc. (NYSE:KB - Free Report) by 152.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,913 shares of the bank's stock after buying an additional 22,876 shares during the quarter. SG Americas Securities LLC's holdings in KB Financial Group were worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Banque Pictet & Cie SA acquired a new position in shares of KB Financial Group in the fourth quarter worth approximately $283,000. Sanctuary Advisors LLC lifted its position in shares of KB Financial Group by 3.5% in the 4th quarter. Sanctuary Advisors LLC now owns 10,605 shares of the bank's stock worth $661,000 after purchasing an additional 362 shares during the period. Hudson Edge Investment Partners Inc. boosted its stake in shares of KB Financial Group by 5.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock valued at $198,000 after purchasing an additional 168 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of KB Financial Group by 5.6% during the fourth quarter. Bank of New York Mellon Corp now owns 13,106 shares of the bank's stock worth $746,000 after buying an additional 694 shares during the period. Finally, NewEdge Wealth LLC raised its stake in KB Financial Group by 3.2% during the fourth quarter. NewEdge Wealth LLC now owns 58,351 shares of the bank's stock worth $3,320,000 after buying an additional 1,806 shares during the last quarter. Institutional investors own 11.52% of the company's stock.

KB Financial Group Stock Up 2.2%

Shares of KB traded up $1.72 during trading hours on Monday, hitting $80.11. The stock had a trading volume of 187,022 shares, compared to its average volume of 195,980. KB Financial Group Inc. has a 1-year low of $46.38 and a 1-year high of $81.63. The firm has a market capitalization of $31.53 billion, a P/E ratio of 9.34, a price-to-earnings-growth ratio of 0.52 and a beta of 1.05. The firm has a 50 day simple moving average of $66.08 and a 200-day simple moving average of $60.87. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66.

KB Financial Group (NYSE:KB - Get Free Report) last issued its earnings results on Thursday, April 24th. The bank reported $3.02 earnings per share for the quarter, missing analysts' consensus estimates of $3.04 by ($0.02). The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $4.45 billion. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. Sell-side analysts predict that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.

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 Company 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.