KB Financial Group Inc. (NYSE:KB) Shares Bought by SVB Wealth LLC

SVB Wealth LLC boosted its stake in shares of KB Financial Group Inc. (NYSE:KB) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,225 shares of the bank’s stock after buying an additional 270 shares during the quarter. SVB Wealth LLC’s holdings in KB Financial Group were worth $324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital International Investors grew its position in 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 buying an additional 19,260 shares during the period. Capital Group Private Client Services Inc. grew its position in KB Financial Group by 0.5% during the first quarter. Capital Group Private Client Services Inc. now owns 75,158 shares of the bank’s stock worth $3,913,000 after buying an additional 354 shares during the period. Thornburg Investment Management Inc. acquired a new position in KB Financial Group during the first quarter worth about $724,000. O Shaughnessy Asset Management LLC grew its position in shares of KB Financial Group by 8.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 130,659 shares of the bank’s stock valued at $6,803,000 after purchasing an additional 10,600 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of KB Financial Group by 32.0% in 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. 11.52% of the stock is currently owned by institutional investors and hedge funds.

KB Financial Group Price Performance

Shares of KB stock traded down $0.12 during trading hours on Tuesday, hitting $64.80. The company’s stock had a trading volume of 35,363 shares, compared to its average volume of 213,497. The business has a fifty day moving average of $58.63 and a 200-day moving average of $53.00. The stock has a market cap of $26.15 billion, a price-to-earnings ratio of 8.11, a P/E/G ratio of 0.45 and a beta of 1.00. KB Financial Group Inc. has a twelve month low of $36.57 and a twelve month high of $65.38. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.25.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Thursday, May 16th. The bank reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.07. The business 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%. As a group, equities research analysts anticipate that KB Financial Group Inc. will post 9.4 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th.

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.