Groupama Asset Managment boosted its holdings in KB Financial Group Inc. (NYSE:KB - Free Report) by 164.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,236 shares of the bank's stock after acquiring an additional 11,350 shares during the quarter. Groupama Asset Managment's holdings in KB Financial Group were worth $1,039,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new stake in KB Financial Group during the third quarter worth $35,000. Hudson Edge Investment Partners Inc. boosted its position in shares of KB Financial Group by 5.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock worth $198,000 after buying an additional 168 shares in the last quarter. Glenmede Trust Co. NA acquired a new stake in KB Financial Group in the 3rd quarter valued at about $236,000. Commonwealth Equity Services LLC purchased a new position in KB Financial Group during the 4th quarter valued at about $222,000. Finally, Optas LLC acquired a new position in KB Financial Group during the fourth quarter worth about $261,000. Institutional investors and hedge funds own 11.52% of the company's stock.
Analyst Upgrades and Downgrades
KB has been the subject of a number of recent research reports. Morgan Stanley raised shares of KB Financial Group from an "equal weight" rating to an "overweight" rating in a research note on Thursday, December 12th. StockNews.com raised KB Financial Group from a "hold" rating to a "buy" rating in a research report on Wednesday.
Get Our Latest Stock Report on KB Financial Group
KB Financial Group Price Performance
KB stock traded down $0.74 during trading on Friday, hitting $51.57. The stock had a trading volume of 310,604 shares, compared to its average volume of 188,780. The stock has a market cap of $20.29 billion, a price-to-earnings ratio of 6.01, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The company's 50 day moving average price is $56.56 and its two-hundred day moving average price is $61.08. KB Financial Group Inc. has a 1-year low of $45.59 and a 1-year high of $72.89.
KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The bank reported $1.21 earnings per share for the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The business had revenue of $2.94 billion during the quarter. On average, sell-side analysts forecast that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.
KB Financial Group Profile
(
Free Report)
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.
Recommended Stories
Before you consider KB Financial Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KB Financial Group wasn't on the list.
While KB Financial Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
