KB Financial Group Inc. (NYSE:KB) Stake Boosted by Todd Asset Management LLC

Todd Asset Management LLC increased its stake in KB Financial Group Inc. (NYSE:KB) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 591,498 shares of the bank’s stock after purchasing an additional 67,857 shares during the period. Todd Asset Management LLC’s holdings in KB Financial Group were worth $24,470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KB. Ramirez Asset Management Inc. acquired a new stake in shares of KB Financial Group in the 3rd quarter worth about $9,278,000. Raymond James & Associates acquired a new stake in shares of KB Financial Group in the third quarter valued at approximately $6,025,000. Envestnet Asset Management Inc. raised its holdings in shares of KB Financial Group by 80.2% during the third quarter. Envestnet Asset Management Inc. now owns 156,399 shares of the bank’s stock valued at $6,430,000 after buying an additional 69,608 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of KB Financial Group during the third quarter worth approximately $2,770,000. Finally, Trinity Street Asset Management LLP grew its holdings in KB Financial Group by 3.1% in the 4th quarter. Trinity Street Asset Management LLP now owns 2,151,024 shares of the bank’s stock worth $88,988,000 after buying an additional 65,402 shares in the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 13th.

KB Financial Group Price Performance

Shares of KB Financial Group stock traded up $1.43 on Friday, hitting $54.11. The company had a trading volume of 134,499 shares, compared to its average volume of 164,808. KB Financial Group Inc. has a 52 week low of $35.20 and a 52 week high of $58.52. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.67 and a quick ratio of 1.69. The company has a market cap of $21.83 billion, a PE ratio of 6.13, a PEG ratio of 0.40 and a beta of 1.01. The business has a 50-day simple moving average of $51.52 and a 200-day simple moving average of $45.14.

KB Financial Group (NYSE:KB) last issued its quarterly earnings results on Wednesday, March 6th. The bank reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.21). KB Financial Group had a net margin of 12.94% and a return on equity of 7.72%. The firm had revenue of $3.54 billion for the quarter. Research analysts expect that KB Financial Group Inc. will post 9.32 EPS for the current fiscal 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.