Acadian Asset Management LLC Purchases 10,014 Shares of KB Financial Group Inc. (NYSE:KB)

Acadian Asset Management LLC raised its holdings in KB Financial Group Inc. (NYSE:KB - Free Report) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 267,625 shares of the bank's stock after buying an additional 10,014 shares during the period. Acadian Asset Management LLC owned about 0.07% of KB Financial Group worth $15,146,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Adero Partners LLC lifted its position in shares of KB Financial Group by 4.2% during the second quarter. Adero Partners LLC now owns 4,802 shares of the bank's stock valued at $272,000 after purchasing an additional 193 shares in the last quarter. GAMMA Investing LLC increased its stake 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 purchasing an additional 245 shares in the last quarter. SVB Wealth LLC increased its stake in shares of KB Financial Group by 4.5% in the first quarter. SVB Wealth LLC now owns 6,225 shares of the bank's stock worth $324,000 after purchasing an additional 270 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of KB Financial Group by 2.2% in the second quarter. Sequoia Financial Advisors LLC now owns 15,160 shares of the bank's stock worth $858,000 after purchasing an additional 327 shares in the last quarter. Finally, Capital Group Private Client Services Inc. increased its stake in shares of KB Financial Group by 0.5% in the first quarter. Capital Group Private Client Services Inc. now owns 75,158 shares of the bank's stock worth $3,913,000 after purchasing an additional 354 shares in the last quarter. 11.52% of the stock is owned by institutional investors.

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, August 27th.

KB Financial Group Price Performance

KB Financial Group stock traded down $0.93 during mid-day trading on Tuesday, hitting $61.36. 123,649 shares of the company traded hands, compared to its average volume of 203,181. KB Financial Group Inc. has a one year low of $36.57 and a one year high of $67.40. The stock has a market cap of $24.76 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 0.43 and a beta of 0.99. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a fifty day moving average price of $62.44 and a 200-day moving average price of $56.93.

KB Financial Group (NYSE:KB - Get Free Report) last announced its earnings results 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. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. The business had revenue of $3.18 billion during the quarter. On average, equities analysts predict that KB Financial Group Inc. will post 9.4 earnings per share for the current fiscal year.

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.