KB Financial Group Inc $KB Position Increased by Ranmore Fund Management Ltd

Ranmore Fund Management Ltd raised its holdings in KB Financial Group Inc (NYSE:KB) by 8.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 255,549 shares of the bank’s stock after purchasing an additional 20,000 shares during the period. KB Financial Group comprises 8.4% of Ranmore Fund Management Ltd’s holdings, making the stock its 6th largest position. Ranmore Fund Management Ltd owned about 0.07% of KB Financial Group worth $21,106,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of KB Financial Group by 1.3% in the 1st quarter. US Bancorp DE now owns 20,442 shares of the bank’s stock worth $1,106,000 after acquiring an additional 272 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of KB Financial Group by 585.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock valued at $28,000 after buying an additional 287 shares in the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of KB Financial Group in the second quarter valued at approximately $25,000. PDS Planning Inc raised its stake in shares of KB Financial Group by 4.3% during the second quarter. PDS Planning Inc now owns 8,373 shares of the bank’s stock worth $692,000 after purchasing an additional 349 shares during the last quarter. Finally, Aprio Wealth Management LLC boosted its holdings in KB Financial Group by 4.9% in the 1st quarter. Aprio Wealth Management LLC now owns 9,617 shares of the bank’s stock valued at $520,000 after purchasing an additional 446 shares in the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

KB Financial Group Stock Performance

Shares of NYSE KB opened at $88.93 on Wednesday. KB Financial Group Inc has a 12 month low of $46.38 and a 12 month high of $92.39. The company has a market cap of $33.92 billion, a P/E ratio of 8.54, a P/E/G ratio of 0.65 and a beta of 1.14. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.36. The business’s 50 day moving average is $82.34 and its two-hundred day moving average is $79.18.

KB Financial Group (NYSE:KB) last issued its quarterly earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.01. KB Financial Group had a net margin of 16.16% and a return on equity of 9.79%. The business had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.20 billion. On average, equities analysts expect that KB Financial Group Inc will post 8.87 EPS for the current year.

Wall Street Analysts Forecast Growth

KB has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

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.