KB Financial Group Inc. (NYSE:KB) Shares Purchased by Creative Planning

Creative Planning increased its position in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 18.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,636 shares of the bank's stock after acquiring an additional 12,231 shares during the quarter. Creative Planning's holdings in KB Financial Group were worth $4,452,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KB. Hilltop National Bank purchased a new position in shares of KB Financial Group in the 2nd quarter valued at approximately $34,000. GAMMA Investing LLC raised its holdings in shares of KB Financial Group by 98.0% in the first quarter. GAMMA Investing LLC now owns 689 shares of the bank's stock worth $36,000 after buying an additional 341 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of 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 buying an additional 310 shares during the period. Tucker Asset Management LLC purchased a new stake in shares of KB Financial Group during the fourth quarter valued at $68,000. Finally, Barometer Capital Management Inc. acquired a new position in shares of KB Financial Group in the 4th quarter valued at $120,000. Hedge funds and other institutional investors own 11.52% of the company's stock.

KB Financial Group Stock Performance

Shares of NYSE:KB traded up $0.94 during midday trading on Friday, reaching $61.65. The company's stock had a trading volume of 95,999 shares, compared to its average volume of 202,547. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.33. The stock has a fifty day moving average of $62.63 and a 200 day moving average of $58.10. KB Financial Group Inc. has a twelve month low of $36.57 and a twelve month high of $67.40. The firm has a market capitalization of $24.88 billion, a PE ratio of 7.66, a P/E/G ratio of 0.44 and a beta of 0.99.

KB Financial Group (NYSE:KB - Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.36. The company had revenue of $3.18 billion for the quarter. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. On average, equities analysts expect that KB Financial Group Inc. will post 9.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut KB Financial Group from a "buy" rating to a "hold" rating in a research report on Thursday.

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.