Marshall Wace LLP increased its stake in KB Financial Group Inc. (NYSE:KB - Free Report) by 19.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 256,689 shares of the bank's stock after acquiring an additional 41,818 shares during the period. Marshall Wace LLP owned approximately 0.07% of KB Financial Group worth $14,606,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of KB. Wilmington Savings Fund Society FSB acquired a new position in shares of KB Financial Group in the 3rd quarter valued at $35,000. Hudson Edge Investment Partners Inc. raised its position in shares of KB Financial Group by 5.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock worth $198,000 after buying an additional 168 shares during the period. Commonwealth Equity Services LLC acquired a new position in KB Financial Group in the fourth quarter valued at $222,000. Optas LLC purchased a new stake in KB Financial Group during the fourth quarter valued at about $261,000. Finally, Banque Pictet & Cie SA acquired a new stake in KB Financial Group during the fourth quarter worth about $283,000. 11.52% of the stock is currently owned by hedge funds and other institutional investors.
KB Financial Group Trading Up 2.4 %
Shares of KB stock traded up $1.42 during mid-day trading on Friday, reaching $60.66. The company's stock had a trading volume of 187,198 shares, compared to its average volume of 191,084. 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 firm has a market capitalization of $23.87 billion, a PE ratio of 7.07, a price-to-earnings-growth ratio of 0.52 and a beta of 0.92. The company's 50 day simple moving average is $54.79 and its 200-day simple moving average is $60.16. KB Financial Group Inc. has a 12-month low of $46.38 and a 12-month high of $72.89.
KB Financial Group (NYSE:KB - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The bank reported $1.21 earnings per share (EPS) for the quarter. The company had revenue of $2.94 billion during the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. On average, research analysts predict that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised KB Financial Group from a "hold" rating to a "buy" rating in a research note on Friday, April 18th.
Check Out Our Latest Stock Analysis on KB
KB Financial Group Profile
(
Free Report)
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.
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