Silvercrest Asset Management Group LLC Invests $5.49 Million in KB Financial Group Inc. (NYSE:KB)

Silvercrest Asset Management Group LLC acquired a new position in shares of KB Financial Group Inc. (NYSE:KB - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 96,459 shares of the bank's stock, valued at approximately $5,489,000.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in KB Financial Group in the fourth quarter valued at approximately $856,000. Blue Trust Inc. raised its holdings in KB Financial Group by 30.5% in the fourth quarter. Blue Trust Inc. now owns 36,868 shares of the bank's stock valued at $2,277,000 after buying an additional 8,625 shares during the period. Raymond James Financial Inc. purchased a new position in KB Financial Group in the fourth quarter valued at approximately $7,301,000. Optas LLC purchased a new position in KB Financial Group in the fourth quarter valued at approximately $261,000. Finally, HighTower Advisors LLC purchased a new position in KB Financial Group in the fourth quarter valued at approximately $933,000. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of KB Financial Group from a "hold" rating to a "buy" rating in a report on Wednesday.

KB Financial Group Stock Up 3.1%

Shares of KB traded up $2.17 during mid-day trading on Friday, reaching $71.92. 159,737 shares of the stock traded hands, compared to its average volume of 190,655. The firm has a market cap of $28.30 billion, a price-to-earnings ratio of 8.38, a P/E/G ratio of 0.52 and a beta of 0.98. The stock has a fifty day simple moving average of $59.29 and a 200 day simple moving average of $59.95. KB Financial Group Inc. has a 12-month low of $46.38 and a 12-month high of $72.89. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29.

KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $3.02 earnings per share (EPS) 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 analysts' expectations of $4.45 billion. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. Sell-side analysts expect that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.

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.