Mercer Global Advisors Inc. ADV Boosts Stock Position in KB Financial Group Inc. (NYSE:KB)

Mercer Global Advisors Inc. ADV lifted its holdings in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 85.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,096 shares of the bank's stock after buying an additional 5,103 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in KB Financial Group were worth $631,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KB. Wilmington Savings Fund Society FSB purchased a new stake in KB Financial Group in the 3rd quarter worth $35,000. Tower Research Capital LLC TRC grew its position in shares of 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 during the period. Hudson Edge Investment Partners Inc. increased its stake in shares of KB Financial Group by 5.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock worth $198,000 after purchasing an additional 168 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of KB Financial Group during the 4th quarter worth about $222,000. Finally, Triumph Capital Management purchased a new position in KB Financial Group in the 4th quarter valued at about $228,000. Hedge funds and other institutional investors own 11.52% of the company's stock.

Wall Street Analyst Weigh In

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

KB Financial Group Price Performance

Shares of KB traded up $0.98 during trading hours on Wednesday, hitting $67.34. 175,712 shares of the stock were exchanged, compared to its average volume of 189,166. The stock's 50-day moving average price is $56.93 and its two-hundred day moving average price is $59.83. KB Financial Group Inc. has a 12-month low of $46.38 and a 12-month high of $72.89. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $26.50 billion, a price-to-earnings ratio of 7.85, a price-to-earnings-growth ratio of 0.52 and a beta of 0.98.

KB Financial Group (NYSE:KB - Get Free Report) last announced its earnings results 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 business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $4.45 billion. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. Research 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.