JPMorgan Chase & Co. Purchases 5,783 Shares of KB Financial Group Inc. (NYSE:KB)

JPMorgan Chase & Co. boosted its holdings in KB Financial Group Inc. (NYSE:KB - Free Report) by 46.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,293 shares of the bank's stock after purchasing an additional 5,783 shares during the period. JPMorgan Chase & Co.'s holdings in KB Financial Group were worth $1,041,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of KB Financial Group by 4.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank's stock valued at $46,424,000 after acquiring an additional 36,394 shares during the last quarter. American Century Companies Inc. increased its holdings in KB Financial Group by 4.9% during the 4th quarter. American Century Companies Inc. now owns 613,203 shares of the bank's stock valued at $34,891,000 after purchasing an additional 28,627 shares during the period. Raymond James Financial Inc. bought a new position in KB Financial Group during the 4th quarter valued at approximately $7,301,000. Boston Partners lifted its holdings in KB Financial Group by 2.7% in the 4th quarter. Boston Partners now owns 95,451 shares of the bank's stock worth $5,450,000 after buying an additional 2,544 shares during the period. Finally, Gilman Hill Asset Management LLC grew its position in shares of KB Financial Group by 1.5% in the 4th quarter. Gilman Hill Asset Management LLC now owns 67,138 shares of the bank's stock worth $3,820,000 after buying an additional 961 shares during the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

KB Financial Group Stock Up 5.8 %

Shares of KB stock traded up $3.59 during midday trading on Friday, reaching $65.09. 77,905 shares of the stock were exchanged, compared to its average volume of 190,185. KB Financial Group Inc. has a 1 year low of $46.38 and a 1 year high of $72.89. The firm has a market cap of $25.61 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 0.52 and a beta of 0.92. The company's 50 day moving average is $55.14 and its two-hundred day moving average is $60.01. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29.

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

Wall Street Analyst Weigh In

Separately, StockNews.com lowered KB Financial Group from a "buy" rating to a "hold" rating in a research note on Monday.

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.