Vestmark Advisory Solutions Inc. Acquires 7,509 Shares of KB Financial Group Inc $KB

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in KB Financial Group by 123.0%, acquiring 7,509 additional shares to reach a total of 13,614 shares valued at $737,000.
• In the latest analyst updates, Wall Street Zen downgraded KB Financial Group from a "buy" to a "hold" rating, although the stock has a consensus rating of "buy" overall.
• KB Financial Group reported earnings of $3.16 per share, slightly above analysts' expectations, with revenue of $3.32 billion for the quarter.

Vestmark Advisory Solutions Inc. raised its stake in shares of KB Financial Group Inc (NYSE:KB - Free Report) by 123.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,614 shares of the bank's stock after buying an additional 7,509 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in KB Financial Group were worth $737,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Bruce G. Allen Investments LLC grew its stake in KB Financial Group by 141.8% in the first quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank's stock valued at $50,000 after purchasing an additional 543 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in 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 valued at $137,000 after purchasing an additional 2,097 shares in the last quarter. Cetera Investment Advisers grew its stake in KB Financial Group by 7.4% in the fourth quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock valued at $214,000 after purchasing an additional 258 shares in the last quarter. Perigon Wealth Management LLC acquired a new position in KB Financial Group in the first quarter worth approximately $214,000. Finally, Triumph Capital Management acquired a new position in KB Financial Group in the fourth quarter worth approximately $228,000. Institutional investors and hedge funds own 11.52% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded KB Financial Group from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. One analyst has rated the stock with a Buy rating, According to MarketBeat, KB Financial Group currently has an average rating of "Buy".

KB Financial Group Stock Up 0.0%

Shares of KB traded up $0.0180 during trading hours on Thursday, hitting $78.3680. 85,800 shares of the company were exchanged, compared to its average volume of 198,199. The company has a market cap of $29.89 billion, a PE ratio of 7.53, a PEG ratio of 0.60 and a beta of 1.06. The firm's 50 day moving average is $81.97 and its 200-day moving average is $67.99. KB Financial Group Inc has a 52 week low of $46.38 and a 52 week high of $92.39. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.68 and a current ratio of 1.67.

KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.01. KB Financial Group had a return on equity of 9.79% and a net margin of 16.16%.The company had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.20 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.