Raymond James Financial Inc. Invests $7.30 Million in KB Financial Group Inc. (NYSE:KB)

Raymond James Financial Inc. bought a new stake in KB Financial Group Inc. (NYSE:KB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 128,322 shares of the bank's stock, valued at approximately $7,301,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KB. Wilmington Savings Fund Society FSB acquired a new stake in KB Financial Group in the 3rd quarter valued at approximately $35,000. Hudson Edge Investment Partners Inc. grew its stake in shares of KB Financial Group by 5.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock valued at $198,000 after buying an additional 168 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in KB Financial Group during the fourth quarter worth $222,000. Optas LLC bought a new stake in KB Financial Group during the fourth quarter worth $261,000. Finally, Banque Pictet & Cie SA bought a new stake in KB Financial Group during the fourth quarter worth $283,000. Institutional investors and hedge funds own 11.52% of the company's stock.

Analyst Ratings Changes

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

KB Financial Group Stock Performance

NYSE KB traded up $0.16 on Tuesday, hitting $61.11. 7,781 shares of the stock were exchanged, compared to its average volume of 190,019. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. The business's fifty day moving average is $54.87 and its 200 day moving average is $60.04. KB Financial Group Inc. has a 52 week low of $46.38 and a 52 week high of $72.89. The company has a market capitalization of $24.05 billion, a PE ratio of 7.12, a P/E/G ratio of 0.52 and a beta of 0.92.

KB Financial Group (NYSE:KB - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The bank reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.02). KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $4.45 billion. Research analysts anticipate that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.

About KB Financial Group

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.