Raymond James Financial Inc. Buys New Holdings in KB Financial Group Inc. (NYSE:KB)

Raymond James Financial Inc. purchased a new stake in shares of KB Financial Group Inc. (NYSE:KB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 128,322 shares of the bank's stock, valued at approximately $7,301,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in KB Financial Group by 4.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank's stock worth $46,424,000 after acquiring an additional 36,394 shares in the last quarter. Yousif Capital Management LLC grew its position in shares of KB Financial Group by 576.3% in the 4th quarter. Yousif Capital Management LLC now owns 41,191 shares of the bank's stock valued at $2,344,000 after purchasing an additional 35,100 shares during the period. Generali Investments CEE investicni spolecnost a.s. bought a new stake in KB Financial Group during the 4th quarter worth approximately $1,985,000. American Century Companies Inc. raised its holdings in KB Financial Group by 4.9% during the 4th quarter. American Century Companies Inc. now owns 613,203 shares of the bank's stock worth $34,891,000 after buying an additional 28,627 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in KB Financial Group in the fourth quarter valued at approximately $1,397,000. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of KB Financial Group from a "hold" rating to a "buy" rating in a research report on Friday, April 18th.

KB Financial Group Stock Performance

Shares of NYSE:KB traded up $1.42 on Friday, hitting $60.66. The company had a trading volume of 187,198 shares, compared to its average volume of 190,994. The stock has a market cap of $23.87 billion, a price-to-earnings ratio of 7.07, a P/E/G ratio of 0.52 and a beta of 0.92. The stock has a 50 day moving average price of $54.79 and a 200 day moving average price of $60.12. KB Financial Group Inc. has a 1-year low of $46.38 and a 1-year high of $72.89. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29.

KB Financial Group (NYSE:KB - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The bank reported $3.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.02). The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $4.45 billion. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. Analysts expect that KB Financial Group Inc. will post 8.87 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.