Blue Trust Inc. Acquires 20,225 Shares of KB Financial Group Inc. (NYSE:KB)

Blue Trust Inc. raised its stake in KB Financial Group Inc. (NYSE:KB - Free Report) by 252.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,243 shares of the bank's stock after purchasing an additional 20,225 shares during the period. Blue Trust Inc.'s holdings in KB Financial Group were worth $1,599,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hilltop National Bank acquired a new stake in KB Financial Group during the second quarter worth about $34,000. GAMMA Investing LLC grew its holdings in shares of KB Financial Group by 98.0% during the 1st quarter. GAMMA Investing LLC now owns 689 shares of the bank's stock worth $36,000 after purchasing an additional 341 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position 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 valued at $44,000 after purchasing an additional 310 shares during the period. CWM LLC increased its holdings in 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 buying an additional 155 shares during the period. Finally, Systematic Alpha Investments LLC bought a new stake in KB Financial Group in the second quarter valued at about $204,000. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut KB Financial Group from a "buy" rating to a "hold" rating in a report on Saturday, October 12th.

KB Financial Group Price Performance

Shares of KB stock traded up $0.78 during trading hours on Friday, hitting $68.71. 117,091 shares of the company's stock were exchanged, compared to its average volume of 202,692. KB Financial Group Inc. has a 52 week low of $36.57 and a 52 week high of $70.70. The stock has a market cap of $27.73 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 0.45 and a beta of 0.98. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.67 and a quick ratio of 1.67. The stock's 50-day moving average is $63.72 and its 200-day moving average is $59.19.

KB Financial Group (NYSE:KB - Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The bank reported $3.06 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $3.18 billion for the quarter. As a group, research analysts forecast that KB Financial Group Inc. will post 9.4 EPS for the current year.

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.