O Shaughnessy Asset Management LLC Raises Stake in KB Financial Group Inc. (NYSE:KB)

O Shaughnessy Asset Management LLC grew its stake in shares of KB Financial Group Inc. (NYSE:KB) by 8.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,659 shares of the bank’s stock after buying an additional 10,600 shares during the period. O Shaughnessy Asset Management LLC’s holdings in KB Financial Group were worth $6,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Trinity Street Asset Management LLP boosted its position in shares of KB Financial Group by 3.1% during the fourth quarter. Trinity Street Asset Management LLP now owns 2,151,024 shares of the bank’s stock worth $88,988,000 after acquiring an additional 65,402 shares during the last quarter. Todd Asset Management LLC boosted its position in shares of KB Financial Group by 13.0% during the fourth quarter. Todd Asset Management LLC now owns 591,498 shares of the bank’s stock worth $24,470,000 after acquiring an additional 67,857 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of KB Financial Group by 12.2% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 306,030 shares of the bank’s stock worth $12,660,000 after acquiring an additional 33,300 shares during the last quarter. Acadian Asset Management LLC boosted its position 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 worth $13,409,000 after acquiring an additional 62,455 shares during the last quarter. Finally, Capital International Investors boosted its position in shares of KB Financial Group by 11.5% during the fourth quarter. Capital International Investors now owns 235,708 shares of the bank’s stock worth $9,842,000 after acquiring an additional 24,227 shares during the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th.

KB Financial Group Price Performance

KB Financial Group stock traded down $3.15 during mid-day trading on Wednesday, reaching $59.50. 257,729 shares of the company’s stock traded hands, compared to its average volume of 211,930. The company has a market cap of $24.01 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 0.45 and a beta of 1.00. The stock has a 50 day moving average of $58.37 and a two-hundred day moving average of $52.34. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 2.25. KB Financial Group Inc. has a 12-month low of $36.57 and a 12-month high of $63.31.

KB Financial Group (NYSE:KB) last released its quarterly earnings results on Thursday, May 16th. The bank reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.07. The company had revenue of $3.64 billion for the quarter. KB Financial Group had a net margin of 11.65% and a return on equity of 6.97%. Equities analysts forecast that KB Financial Group Inc. will post 9.23 earnings per share 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.