Aaron Wealth Advisors LLC Boosts Stake in KB Financial Group Inc (NYSE:KB)

Aaron Wealth Advisors LLC boosted its stake in KB Financial Group Inc (NYSE:KB) by 6.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 5,161 shares of the bank’s stock after purchasing an additional 325 shares during the period. Aaron Wealth Advisors LLC’s holdings in KB Financial Group were worth $279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Seeds Investor LLC increased its stake in KB Financial Group by 2.9% during the fourth quarter. Seeds Investor LLC now owns 6,923 shares of the bank’s stock worth $394,000 after purchasing an additional 195 shares during the period. Candriam S.C.A. grew its holdings in shares of KB Financial Group by 1.9% in the fourth quarter. Candriam S.C.A. now owns 10,679 shares of the bank’s stock valued at $608,000 after purchasing an additional 200 shares in the last quarter. Cetera Investment Advisers increased its stake in KB Financial Group by 7.4% during the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank’s stock worth $214,000 after buying an additional 258 shares during the period. PDS Planning Inc lifted its holdings in KB Financial Group by 3.5% during the 1st quarter. PDS Planning Inc now owns 8,024 shares of the bank’s stock worth $434,000 after buying an additional 271 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its position in KB Financial Group by 2.6% in the 4th quarter. Corient Private Wealth LLC now owns 15,681 shares of the bank’s stock valued at $892,000 after buying an additional 394 shares during the period. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Trading Up 1.8%

KB opened at $85.64 on Friday. The business has a fifty day moving average price of $73.47 and a 200 day moving average price of $62.69. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.68 and a quick ratio of 1.68. KB Financial Group Inc has a 12 month low of $46.38 and a 12 month high of $86.18. The stock has a market capitalization of $32.67 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 0.64 and a beta of 1.06.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $3.02 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.02). KB Financial Group had a return on equity of 9.76% and a net margin of 16.03%. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $4.45 billion. Sell-side analysts expect that KB Financial Group Inc will post 8.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen raised KB Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 21st.

KB Financial Group 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.