28,917 Shares in KB Financial Group Inc. (NYSE:KB) Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC bought a new position in shares of KB Financial Group Inc. (NYSE:KB - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 28,917 shares of the bank's stock, valued at approximately $1,786,000.

A number of other hedge funds also recently modified their holdings of KB. BOCHK Asset Management Ltd acquired a new stake in shares of KB Financial Group in the 3rd quarter valued at $25,000. Hilltop National Bank bought a new position in KB Financial Group in the second quarter valued at about $34,000. Benjamin F. Edwards & Company Inc. raised its stake in KB Financial Group by 66.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank's stock worth $44,000 after acquiring an additional 310 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of KB Financial Group by 35.6% in the second quarter. GAMMA Investing LLC now owns 934 shares of the bank's stock worth $53,000 after acquiring an additional 245 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of KB Financial Group by 5.7% in the 3rd quarter. CWM LLC now owns 2,851 shares of the bank's stock valued at $176,000 after purchasing an additional 155 shares in the last quarter. Institutional investors own 11.52% of the company's stock.

KB Financial Group Price Performance

KB traded down $1.95 on Friday, reaching $66.05. The stock had a trading volume of 105,182 shares, compared to its average volume of 173,360. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.33. The company has a market capitalization of $25.99 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 0.59 and a beta of 0.97. KB Financial Group Inc. has a fifty-two week low of $36.57 and a fifty-two week high of $72.89. The firm has a 50-day moving average of $64.61 and a 200-day moving average of $61.08.

KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The bank reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.36. The company had revenue of $3.18 billion during the quarter. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. As a group, sell-side analysts anticipate that KB Financial Group Inc. will post 9.29 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of KB Financial Group from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th.

KB Financial Group Company 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.