Creative Planning Buys 7,494 Shares of KB Financial Group Inc. (NYSE:KB)

Creative Planning raised its position in KB Financial Group Inc. (NYSE:KB - Free Report) by 9.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,130 shares of the bank's stock after buying an additional 7,494 shares during the period. Creative Planning's holdings in KB Financial Group were worth $5,319,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Boston Partners increased its stake in shares of KB Financial Group by 195.1% in the first quarter. Boston Partners now owns 100,447 shares of the bank's stock valued at $5,233,000 after buying an additional 66,413 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in shares of KB Financial Group in the first quarter worth about $729,000. Capital International Investors lifted its position in shares of KB Financial Group by 8.2% during the first quarter. Capital International Investors now owns 254,968 shares of the bank's stock worth $13,276,000 after purchasing an additional 19,260 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of KB Financial Group by 32.0% during the first quarter. Acadian Asset Management LLC now owns 257,611 shares of the bank's stock valued at $13,409,000 after purchasing an additional 62,455 shares during the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of KB Financial Group in the second quarter valued at approximately $1,084,000. 11.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

KB Financial Group Trading Up 7.8 %

KB stock traded up $5.22 during midday trading on Friday, reaching $72.18. The stock had a trading volume of 341,468 shares, compared to its average volume of 181,819. The firm has a market cap of $28.40 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 0.47 and a beta of 0.98. KB Financial Group Inc. has a twelve month low of $36.57 and a twelve month high of $72.89. 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 business has a fifty day simple moving average of $64.34 and a two-hundred day simple moving average of $59.68.

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