Trinity Street Asset Management LLP Has $17.88 Million Stock Holdings in KB Financial Group Inc. (NYSE:KB)

Trinity Street Asset Management LLP boosted its holdings in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 35.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 330,384 shares of the bank's stock after buying an additional 86,737 shares during the period. KB Financial Group makes up about 1.8% of Trinity Street Asset Management LLP's holdings, making the stock its 14th biggest position. Trinity Street Asset Management LLP owned approximately 0.08% of KB Financial Group worth $17,877,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its stake in shares of KB Financial Group by 659.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock worth $137,000 after acquiring an additional 2,097 shares during the last quarter. Hudson Edge Investment Partners Inc. grew its stake in 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 valued at $198,000 after purchasing an additional 168 shares in the last quarter. Cetera Investment Advisers increased its position in KB Financial Group by 7.4% in the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock worth $214,000 after purchasing an additional 258 shares during the last quarter. 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 hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

KB Financial Group Stock Up 9.2%

Shares of KB traded up $6.78 during trading hours on Wednesday, hitting $80.11. 389,732 shares of the company were exchanged, compared to its average volume of 193,723. The firm's 50 day moving average is $61.75 and its 200-day moving average is $60.33. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. KB Financial Group Inc. has a 52 week low of $46.38 and a 52 week high of $80.32. The company has a market cap of $31.53 billion, a PE ratio of 9.34, a PEG ratio of 0.52 and a beta of 0.98.

KB Financial Group (NYSE:KB - Get Free Report) last announced its 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). KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $4.45 billion. On average, equities research analysts forecast 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.