WCM Investment Management LLC Makes New $24.50 Million Investment in KB Financial Group Inc $KB

WCM Investment Management LLC bought a new stake in shares of KB Financial Group Inc (NYSE:KB) in the 1st quarter, HoldingsChannel reports. The fund bought 251,197 shares of the bank’s stock, valued at approximately $24,497,000.

Several other institutional investors have also added to or reduced their stakes in the business. Brown Brothers Harriman & Co. boosted its position in shares of KB Financial Group by 131.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock valued at $35,000 after acquiring an additional 229 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in KB Financial Group during the 4th quarter valued at $39,000. Leonteq Securities AG purchased a new position in KB Financial Group during the 4th quarter valued at $43,000. Triumph Capital Management bought a new position in KB Financial Group in the 3rd quarter worth $46,000. Finally, Bell Investment Advisors Inc lifted its position in shares of KB Financial Group by 29.3% in the 1st quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock worth $48,000 after purchasing an additional 108 shares during the period. 11.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on KB shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, June 24th. Wall Street Zen downgraded shares of KB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of KB Financial Group in a report on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

KB Financial Group Price Performance

KB stock opened at $119.53 on Monday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.64 and a current ratio of 1.64. The company’s fifty day moving average price is $107.58 and its 200-day moving average price is $103.84. KB Financial Group Inc has a one year low of $76.31 and a one year high of $125.62. The company has a market capitalization of $42.40 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 0.79 and a beta of 1.01.

KB Financial Group (NYSE:KB) last announced its earnings results on Tuesday, March 31st. The bank reported $2.16 earnings per share (EPS) for the quarter. KB Financial Group had a return on equity of 9.99% and a net margin of 17.36%.The business had revenue of $3.49 billion during the quarter. On average, equities analysts anticipate that KB Financial Group Inc will post 12.02 EPS for the current fiscal year.

KB Financial Group Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.