KB Financial Group Inc $KB Shares Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC boosted its stake in KB Financial Group Inc (NYSE:KB) by 12.3% in the 3rd quarter, Holdings Channel reports. The firm owned 76,050 shares of the bank’s stock after purchasing an additional 8,351 shares during the period. NewEdge Wealth LLC’s holdings in KB Financial Group were worth $6,479,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in KB. Cullen Capital Management LLC grew its stake in shares of KB Financial Group by 19.6% in the second quarter. Cullen Capital Management LLC now owns 111,477 shares of the bank’s stock valued at $9,207,000 after buying an additional 18,255 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in KB Financial Group during the 2nd quarter valued at about $302,000. Schroder Investment Management Group grew its position in KB Financial Group by 24.3% in the 2nd quarter. Schroder Investment Management Group now owns 64,244 shares of the bank’s stock valued at $5,306,000 after acquiring an additional 12,561 shares in the last quarter. Advisors Asset Management Inc. grew its position in KB Financial Group by 30.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 19,305 shares of the bank’s stock valued at $1,601,000 after acquiring an additional 4,509 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in KB Financial Group by 1.7% during the second quarter. Lazard Asset Management LLC now owns 1,554,154 shares of the bank’s stock worth $128,357,000 after purchasing an additional 26,423 shares during the period. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KB has been the subject of several recent research reports. Zacks Research raised shares of KB Financial Group from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

KB Financial Group Price Performance

Shares of KB opened at $113.96 on Friday. The firm has a market capitalization of $42.49 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 0.70 and a beta of 1.11. The firm’s fifty day simple moving average is $93.59 and its 200-day simple moving average is $86.48. KB Financial Group Inc has a twelve month low of $46.38 and a twelve month high of $117.24. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.38.

KB Financial Group (NYSE:KB) last posted its earnings results on Saturday, January 31st. The bank reported $1.43 EPS for the quarter. KB Financial Group had a return on equity of 9.79% and a net margin of 16.96%. Equities analysts forecast that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

KB Financial Group Company 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.