Advisors Preferred LLC Takes Position in KB Financial Group Inc $KB

Advisors Preferred LLC purchased a new position in shares of KB Financial Group Inc (NYSE:KB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,677 shares of the bank’s stock, valued at approximately $391,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Invesco Ltd. raised its holdings in shares of KB Financial Group by 508.9% in the second quarter. Invesco Ltd. now owns 152,939 shares of the bank’s stock valued at $12,631,000 after buying an additional 127,823 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of KB Financial Group by 18.3% during the second quarter. American Century Companies Inc. now owns 751,168 shares of the bank’s stock worth $62,039,000 after buying an additional 116,293 shares during the last quarter. Bank of America Corp DE increased its position in KB Financial Group by 9.1% in the 2nd quarter. Bank of America Corp DE now owns 845,567 shares of the bank’s stock valued at $69,835,000 after acquiring an additional 70,865 shares during the period. Vise Technologies Inc. purchased a new stake in KB Financial Group during the 2nd quarter valued at approximately $3,003,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in KB Financial Group by 53.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,650 shares of the bank’s stock worth $5,230,000 after acquiring an additional 33,650 shares during the period. 11.52% of the stock is owned by hedge funds and other institutional investors.

KB Financial Group Stock Up 3.2%

KB Financial Group stock opened at $117.50 on Monday. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.65 and a quick ratio of 1.65. KB Financial Group Inc has a 1-year low of $46.38 and a 1-year high of $117.69. The company has a market cap of $43.81 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 0.73 and a beta of 1.11. The stock’s 50 day moving average price is $94.24 and its 200 day moving average price is $86.81.

KB Financial Group (NYSE:KB) last released its quarterly earnings data 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%. On average, sell-side analysts predict that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.