Atlas Capital Advisors Inc. Buys Shares of 9,308 KB Financial Group Inc $KB

Atlas Capital Advisors Inc. bought a new stake in shares of KB Financial Group Inc (NYSE:KB) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 9,308 shares of the bank’s stock, valued at approximately $801,000.

Several other hedge funds have also recently added to or reduced their stakes in KB. Capital International Investors grew its holdings in shares of KB Financial Group by 12.7% during the third quarter. Capital International Investors now owns 757,168 shares of the bank’s stock worth $62,735,000 after buying an additional 85,231 shares in the last quarter. Todd Asset Management LLC grew its holdings in shares of KB Financial Group by 5.9% during the third quarter. Todd Asset Management LLC now owns 560,017 shares of the bank’s stock worth $46,432,000 after buying an additional 31,230 shares in the last quarter. Advisors Preferred LLC purchased a new stake in shares of KB Financial Group during the third quarter worth about $391,000. Caprock Group LLC purchased a new stake in shares of KB Financial Group during the third quarter worth about $1,396,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of KB Financial Group by 30.5% during the third quarter. Advisors Asset Management Inc. now owns 19,305 shares of the bank’s stock worth $1,601,000 after buying an additional 4,509 shares in the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

KB Financial Group Trading Down 0.1%

Shares of KB stock opened at $107.74 on Monday. The stock has a market cap of $40.17 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 0.66 and a beta of 1.01. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.47. KB Financial Group Inc has a fifty-two week low of $76.31 and a fifty-two week high of $119.71. The firm’s 50 day moving average price is $105.73 and its two-hundred day moving average price is $99.47.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Tuesday, March 31st. The bank reported $2.16 earnings per share for the quarter. The firm had revenue of $3.49 billion for the quarter. KB Financial Group had a net margin of 17.36% and a return on equity of 9.99%. On average, analysts anticipate that KB Financial Group Inc will post 11.93 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KB shares. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a report on Friday, March 27th. Wall Street Zen downgraded shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, KB Financial Group presently has an average rating of “Moderate Buy”.

About KB Financial Group

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.