Raymond James Financial Inc. Invests $7.30 Million in KB Financial Group Inc. (NYSE:KB)

Raymond James Financial Inc. acquired a new position in shares of KB Financial Group Inc. (NYSE:KB - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 128,322 shares of the bank's stock, valued at approximately $7,301,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KB. Teachers Retirement System of The State of Kentucky increased its stake in shares of KB Financial Group by 15.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank's stock valued at $26,332,000 after acquiring an additional 56,400 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in KB Financial Group during the third quarter worth approximately $7,291,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of KB Financial Group by 46.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 93,850 shares of the bank's stock valued at $5,795,000 after purchasing an additional 29,850 shares during the last quarter. Gilman Hill Asset Management LLC grew its stake in shares of KB Financial Group by 1.5% during the 4th quarter. Gilman Hill Asset Management LLC now owns 67,138 shares of the bank's stock valued at $3,820,000 after buying an additional 961 shares during the period. Finally, Henry James International Management Inc. grew its stake in shares of KB Financial Group by 0.5% during the 4th quarter. Henry James International Management Inc. now owns 63,039 shares of the bank's stock valued at $3,587,000 after buying an additional 293 shares during the period. Hedge funds and other institutional investors own 11.52% of the company's stock.

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KB Financial Group Stock Down 1.4 %

NYSE:KB traded down $0.81 during trading hours on Thursday, hitting $55.13. The stock had a trading volume of 170,784 shares, compared to its average volume of 186,363. The company has a market cap of $21.70 billion, a PE ratio of 6.43, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. The business has a 50 day simple moving average of $57.69 and a two-hundred day simple moving average of $61.42. KB Financial Group Inc. has a 1-year low of $45.59 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 released its quarterly earnings results on Wednesday, March 5th. The bank reported $1.21 earnings per share for the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The business had revenue of $2.94 billion during the quarter. Analysts predict that KB Financial Group Inc. will post 8.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KB. StockNews.com cut KB Financial Group from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Morgan Stanley upgraded KB Financial Group from an "equal weight" rating to an "overweight" rating in a research note on Thursday, December 12th.

KB Financial Group 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.