Vise Technologies Inc. Takes $3 Million Position in KB Financial Group Inc $KB

Vise Technologies Inc. acquired a new position in shares of KB Financial Group Inc (NYSE:KB) in the second quarter, Holdings Channel.com reports. The fund acquired 36,360 shares of the bank’s stock, valued at approximately $3,003,000.

Other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in shares of KB Financial Group by 27.3% in the 1st quarter. Victory Capital Management Inc. now owns 15,620 shares of the bank’s stock valued at $845,000 after purchasing an additional 3,345 shares in the last quarter. Cerity Partners LLC grew its stake in shares of KB Financial Group by 63.7% during the first quarter. Cerity Partners LLC now owns 46,620 shares of the bank’s stock valued at $2,523,000 after buying an additional 18,149 shares during the last quarter. Envestnet Asset Management Inc. grew its position in KB Financial Group by 2.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 174,242 shares of the bank’s stock worth $9,428,000 after acquiring an additional 4,448 shares during the last quarter. Cresset Asset Management LLC bought a new stake in KB Financial Group in the first quarter valued at approximately $207,000. Finally, Amundi increased its stake in shares of KB Financial Group by 72.3% in the first quarter. Amundi now owns 76,861 shares of the bank’s stock worth $4,021,000 after buying an additional 32,250 shares during the period. Institutional investors own 11.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

KB Financial Group Stock Performance

KB Financial Group stock opened at $88.55 on Tuesday. KB Financial Group Inc has a fifty-two week low of $46.38 and a fifty-two week high of $92.39. The stock has a market cap of $33.78 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 0.65 and a beta of 1.14. The stock’s 50 day simple moving average is $82.12 and its two-hundred day simple moving average is $78.98. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.67 and a current ratio of 1.67.

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