LSV Asset Management Buys New Stake in KB Financial Group Inc. (NYSE:KB)

LSV Asset Management bought a new stake in shares of KB Financial Group Inc. (NYSE:KB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 32,400 shares of the bank's stock, valued at approximately $1,340,000.

A number of other large investors also recently bought and sold shares of the business. CWM LLC grew its position in shares of KB Financial Group by 12.4% during the 4th quarter. CWM LLC now owns 2,409 shares of the bank's stock worth $100,000 after buying an additional 265 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of KB Financial Group by 0.3% in the 3rd quarter. Rhumbline Advisers now owns 108,219 shares of the bank's stock valued at $4,449,000 after purchasing an additional 334 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of KB Financial Group by 6.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,093 shares of the bank's stock worth $252,000 after purchasing an additional 394 shares during the period. Schechter Investment Advisors LLC lifted its position in shares of KB Financial Group by 8.0% in the 3rd quarter. Schechter Investment Advisors LLC now owns 6,940 shares of the bank's stock worth $285,000 after purchasing an additional 514 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of KB Financial Group by 11.7% during the third quarter. EverSource Wealth Advisors LLC now owns 4,924 shares of the bank's stock valued at $202,000 after purchasing an additional 517 shares in the last quarter. Hedge funds and other institutional investors own 11.52% of the company's stock.

KB Financial Group Stock Performance

KB stock traded up $2.16 during trading on Friday, reaching $57.86. The company had a trading volume of 343,405 shares, compared to its average volume of 204,399. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.67 and a current ratio of 1.67. KB Financial Group Inc. has a twelve month low of $35.20 and a twelve month high of $58.52. The company has a market cap of $23.35 billion, a price-to-earnings ratio of 6.32, a price-to-earnings-growth ratio of 0.40 and a beta of 1.01. The firm has a 50-day simple moving average of $52.19 and a 200-day simple moving average of $45.48.

KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The bank reported $0.43 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.21). KB Financial Group had a return on equity of 7.78% and a net margin of 12.94%. The company had revenue of $3.54 billion for the quarter. As a group, sell-side analysts expect that KB Financial Group Inc. will post 9.32 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised KB Financial Group from a "hold" rating to a "buy" rating in a research report on Wednesday, March 13th.

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.