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

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of KB. Wilmington Savings Fund Society FSB bought a new position in KB Financial Group in the third quarter valued at approximately $35,000. Aprio Wealth Management LLC boosted its stake in KB Financial Group by 14.6% in the fourth quarter. Aprio Wealth Management LLC now owns 9,171 shares of the bank's stock valued at $522,000 after acquiring an additional 1,171 shares during the last quarter. Gilman Hill Asset Management LLC raised its holdings in KB Financial Group by 1.5% in the fourth quarter. Gilman Hill Asset Management LLC now owns 67,138 shares of the bank's stock worth $3,820,000 after purchasing an additional 961 shares during the period. Ballentine Partners LLC raised its holdings in KB Financial Group by 3.0% in the fourth quarter. Ballentine Partners LLC now owns 23,312 shares of the bank's stock worth $1,326,000 after purchasing an additional 685 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in KB Financial Group in the fourth quarter worth $856,000. 11.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of KB Financial Group from a "buy" rating to a "hold" rating in a report on Monday.

KB Financial Group Stock Down 2.3 %

KB traded down $1.44 during trading on Thursday, hitting $61.54. The company had a trading volume of 99,627 shares, compared to its average volume of 190,047. The company has a market capitalization of $24.22 billion, a PE ratio of 7.17, a PEG ratio of 0.52 and a beta of 0.92. KB Financial Group Inc. has a one year low of $46.38 and a one year high of $72.89. The firm's 50-day moving average price is $55.06 and its 200 day moving average price is $60.07. 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 issued its quarterly earnings results on Thursday, April 24th. The bank reported $3.02 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.02). The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $4.45 billion. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. As a group, equities analysts expect that KB Financial Group Inc. will post 8.87 earnings per share for the current 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.