KB Financial Group Inc. (NYSE:KB) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV increased its holdings in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 85.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,096 shares of the bank's stock after purchasing an additional 5,103 shares during the period. Mercer Global Advisors Inc. ADV's holdings in KB Financial Group were worth $631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in KB. Northern Trust Corp boosted its holdings in KB Financial Group by 310.0% in the fourth quarter. Northern Trust Corp now owns 912,529 shares of the bank's stock valued at $51,923,000 after purchasing an additional 689,979 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of KB Financial Group during the 4th quarter valued at approximately $7,301,000. Mirabella Financial Services LLP acquired a new stake in shares of KB Financial Group during the fourth quarter worth approximately $5,000,000. Marshall Wace LLP increased its stake in shares of KB Financial Group by 19.5% in the fourth quarter. Marshall Wace LLP now owns 256,689 shares of the bank's stock worth $14,606,000 after buying an additional 41,818 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in KB Financial Group by 4.7% in 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 in the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

KB Financial Group Stock Down 0.5%

KB Financial Group stock traded down $0.36 during midday trading on Friday, hitting $67.11. The stock had a trading volume of 17,003 shares, compared to its average volume of 177,257. The business has a fifty day moving average price of $57.47 and a 200 day moving average price of $59.87. KB Financial Group Inc. has a 12 month low of $46.38 and a 12 month high of $72.89. The stock has a market cap of $26.41 billion, a P/E ratio of 7.82, a P/E/G ratio of 0.52 and a beta of 0.98. 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 announced its quarterly earnings data on Thursday, April 24th. The bank reported $3.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.02). The firm 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%. Research analysts predict that KB Financial Group Inc. will post 8.87 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of KB Financial Group from a "buy" rating to a "hold" rating in a report on Monday, April 28th.

KB Financial Group 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.