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

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KB. Tower Research Capital LLC TRC lifted its stake in shares of KB Financial Group by 659.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock valued at $137,000 after purchasing an additional 2,097 shares during the period. Hudson Edge Investment Partners Inc. raised its position in shares of KB Financial Group by 5.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock worth $198,000 after acquiring an additional 168 shares during the period. Cetera Investment Advisers raised its position in shares of KB Financial Group by 7.4% in the fourth quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock worth $214,000 after acquiring an additional 258 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of KB Financial Group during the 4th quarter worth about $222,000. Finally, Triumph Capital Management acquired a new stake in shares of KB Financial Group during the 4th quarter valued at about $228,000. 11.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

KB Financial Group Price Performance

Shares of KB Financial Group stock traded down $1.13 on Thursday, reaching $69.71. The company's stock had a trading volume of 141,253 shares, compared to its average volume of 189,550. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The company has a market capitalization of $27.43 billion, a P/E ratio of 8.13, a PEG ratio of 0.52 and a beta of 0.98. The stock has a 50-day moving average price of $58.67 and a 200-day moving average price of $59.93. KB Financial Group Inc. has a 52-week low of $46.38 and a 52-week high of $72.89.

KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings results 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 company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $4.45 billion. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. Analysts expect that KB Financial Group Inc. will post 8.87 EPS for the current year.

KB Financial Group 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.