HighTower Advisors LLC Purchases New Stake in KB Financial Group Inc. (NYSE:KB)

HighTower Advisors LLC acquired a new position in shares of KB Financial Group Inc. (NYSE:KB - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 16,401 shares of the bank's stock, valued at approximately $933,000.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in KB Financial Group during the fourth quarter valued at about $7,301,000. Public Employees Retirement System of Ohio purchased a new stake in shares of KB Financial Group during the 3rd quarter worth about $7,291,000. Teachers Retirement System of The State of Kentucky increased its position in KB Financial Group by 15.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank's stock worth $26,332,000 after purchasing an additional 56,400 shares in the last quarter. Yousif Capital Management LLC raised its holdings in KB Financial Group by 576.3% in the fourth quarter. Yousif Capital Management LLC now owns 41,191 shares of the bank's stock valued at $2,344,000 after buying an additional 35,100 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new position in KB Financial Group during the fourth quarter valued at approximately $1,985,000. 11.52% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Stock Up 1.3 %

Shares of NYSE:KB traded up $0.68 during mid-day trading on Monday, hitting $54.04. 215,690 shares of the company traded hands, compared to its average volume of 188,131. The firm has a market cap of $21.27 billion, a P/E ratio of 6.30, a PEG ratio of 0.52 and a beta of 0.99. KB Financial Group Inc. has a 52-week low of $45.59 and a 52-week high of $72.89. The firm's 50 day simple moving average is $57.26 and its 200 day simple moving average is $61.30. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66.

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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 (EPS) for the quarter. The company had revenue of $2.94 billion for the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. On average, equities analysts anticipate that KB Financial Group Inc. will post 8.87 EPS for the current year.

Analyst Upgrades and Downgrades

KB has been the subject of several recent research reports. Morgan Stanley raised shares of KB Financial Group from an "equal weight" rating to an "overweight" rating in a research report on Thursday, December 12th. StockNews.com downgraded KB Financial Group from a "buy" rating to a "hold" rating in a report on Friday, March 21st.

About KB Financial Group

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.