Bank Julius Baer & Co. Ltd Zurich Takes $1.40 Million Position in KB Financial Group Inc. (NYSE:KB)

Bank Julius Baer & Co. Ltd Zurich purchased a new stake in KB Financial Group Inc. (NYSE:KB) during the 4th quarter, HoldingsChannel reports. The firm purchased 22,243 shares of the bank’s stock, valued at approximately $1,397,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in KB Financial Group during the fourth quarter worth about $856,000. FMR LLC boosted its holdings in KB Financial Group by 121.6% during the third quarter. FMR LLC now owns 33,642 shares of the bank’s stock valued at $2,077,000 after purchasing an additional 18,459 shares in the last quarter. Cerity Partners LLC grew its stake in shares of KB Financial Group by 69.6% in the 3rd quarter. Cerity Partners LLC now owns 34,134 shares of the bank’s stock valued at $2,108,000 after purchasing an additional 14,008 shares during the period. Blue Trust Inc. grew its stake in shares of KB Financial Group by 30.5% in the 4th quarter. Blue Trust Inc. now owns 36,868 shares of the bank’s stock valued at $2,277,000 after purchasing an additional 8,625 shares during the period. Finally, Stifel Financial Corp grew its stake in shares of KB Financial Group by 1.5% in the 3rd quarter. Stifel Financial Corp now owns 21,371 shares of the bank’s stock valued at $1,320,000 after purchasing an additional 308 shares during the period. 11.52% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Stock Down 0.1 %

Shares of KB opened at $54.33 on Monday. The company has a market capitalization of $21.38 billion, a P/E ratio of 6.33, a PEG ratio of 0.52 and a beta of 0.99. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. KB Financial Group Inc. has a one year low of $45.59 and a one year high of $72.89. The business’s 50 day simple moving average is $58.63 and its 200-day simple moving average is $62.27.

KB Financial Group (NYSE:KB) last posted its quarterly earnings data on Wednesday, March 5th. The bank reported $1.21 earnings per share (EPS) for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The firm had revenue of $2.94 billion for the quarter. As a group, sell-side analysts predict that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KB shares. Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th. StockNews.com downgraded KB Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th.

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.