Advisors Asset Management Inc. Purchases 4,509 Shares of KB Financial Group Inc $KB

Advisors Asset Management Inc. boosted its position in shares of KB Financial Group Inc (NYSE:KB) by 30.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 19,305 shares of the bank’s stock after purchasing an additional 4,509 shares during the period. Advisors Asset Management Inc.’s holdings in KB Financial Group were worth $1,601,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KB. First Horizon Advisors Inc. bought a new position in KB Financial Group in the 2nd quarter valued at $25,000. Parkside Financial Bank & Trust raised its position in shares of KB Financial Group by 585.7% in the second quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock worth $28,000 after buying an additional 287 shares in the last quarter. First Horizon Corp bought a new stake in KB Financial Group during the third quarter valued at $30,000. Jones Financial Companies Lllp boosted its stake in KB Financial Group by 187.4% during the third quarter. Jones Financial Companies Lllp now owns 500 shares of the bank’s stock valued at $40,000 after buying an additional 326 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in KB Financial Group by 397.9% during the third quarter. Smartleaf Asset Management LLC now owns 727 shares of the bank’s stock worth $60,000 after buying an additional 581 shares in the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on KB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a report on Monday, December 29th. Zacks Research raised shares of KB Financial Group from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

KB Financial Group Price Performance

Shares of KB Financial Group stock opened at $114.06 on Tuesday. The firm has a market capitalization of $42.53 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 0.70 and a beta of 1.11. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.38. KB Financial Group Inc has a 12 month low of $46.38 and a 12 month high of $117.24. The business’s 50-day moving average price is $91.92 and its 200-day moving average price is $85.84.

KB Financial Group (NYSE:KB) last issued its earnings results on Saturday, January 31st. The bank reported $1.43 earnings per share (EPS) for the quarter. KB Financial Group had a return on equity of 9.79% and a net margin of 16.96%. Sell-side analysts forecast that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.