Pzena Investment Management LLC Has $1.64 Million Stake in KB Financial Group Inc $KB

Pzena Investment Management LLC decreased its position in KB Financial Group Inc (NYSE:KB) by 46.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,023 shares of the bank’s stock after selling 16,498 shares during the quarter. Pzena Investment Management LLC’s holdings in KB Financial Group were worth $1,637,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KB. AQR Capital Management LLC acquired a new position in shares of KB Financial Group in the first quarter valued at approximately $300,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of KB Financial Group in the first quarter valued at approximately $259,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of KB Financial Group by 53.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,650 shares of the bank’s stock valued at $5,230,000 after purchasing an additional 33,650 shares during the last quarter. Jane Street Group LLC grew its position in shares of KB Financial Group by 64.3% in the first quarter. Jane Street Group LLC now owns 26,136 shares of the bank’s stock valued at $1,414,000 after purchasing an additional 10,225 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of KB Financial Group by 66.4% in the second quarter. Cetera Investment Advisers now owns 8,584 shares of the bank’s stock valued at $709,000 after purchasing an additional 3,425 shares during the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KB. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research report on Friday, March 27th. Wall Street Zen downgraded KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Zacks Research raised KB Financial Group from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

KB Financial Group Trading Up 0.3%

Shares of NYSE:KB opened at $105.22 on Friday. The company has a market capitalization of $39.23 billion, a P/E ratio of 9.44, a P/E/G ratio of 0.64 and a beta of 1.06. KB Financial Group Inc has a 1 year low of $70.96 and a 1 year high of $119.71. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.64 and a quick ratio of 1.64. The business’s 50 day simple moving average is $104.82 and its 200 day simple moving average is $97.46.

KB Financial Group (NYSE:KB) last issued its quarterly earnings results on Tuesday, March 31st. The bank reported $2.16 earnings per share (EPS) for the quarter. The business had revenue of $3.49 billion for the quarter. KB Financial Group had a return on equity of 9.99% and a net margin of 17.36%. On average, research analysts anticipate that KB Financial Group Inc will post 11.93 EPS for the current fiscal year.

KB Financial Group 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.