Victory Capital Management Inc. bought a new stake in shares of KB Financial Group Inc. (NYSE:KB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,275 shares of the bank's stock, valued at approximately $698,000.
Other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of KB Financial Group in the 3rd quarter worth approximately $35,000. Hudson Edge Investment Partners Inc. increased its holdings in shares of KB Financial Group by 5.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock valued at $198,000 after buying an additional 168 shares in the last quarter. Glenmede Trust Co. NA acquired a new stake in shares of KB Financial Group during the 3rd quarter valued at $236,000. Optas LLC bought a new stake in shares of KB Financial Group during the 4th quarter worth $261,000. Finally, Banque Pictet & Cie SA acquired a new position in shares of KB Financial Group in the 4th quarter worth $283,000. 11.52% of the stock is owned by institutional investors and hedge funds.
KB Financial Group Stock Down 0.2 %
Shares of KB stock traded down $0.14 on Tuesday, reaching $56.38. 184,594 shares of the company's stock traded hands, compared to its average volume of 186,163. The business's 50 day moving average price is $57.93 and its two-hundred day moving average price is $61.50. The company has a market capitalization of $22.19 billion, a P/E ratio of 6.57, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. KB Financial Group Inc. has a 12-month low of $45.59 and a 12-month high of $72.89.
KB Financial Group (NYSE:KB - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The bank reported $1.21 EPS for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The business had revenue of $2.94 billion during the quarter. On average, equities analysts forecast that KB Financial Group Inc. will post 8.87 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on KB shares. Morgan Stanley upgraded KB Financial Group from an "equal weight" rating to an "overweight" rating in a research report on Thursday, December 12th. StockNews.com lowered shares of KB Financial Group from a "buy" rating to a "hold" rating in a report on Friday.
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KB Financial Group Profile
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Free Report)
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.
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