Sequoia Financial Advisors LLC Grows Holdings in KB Financial Group Inc $KB

Sequoia Financial Advisors LLC boosted its position in shares of KB Financial Group Inc (NYSE:KB) by 32.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,973 shares of the bank’s stock after acquiring an additional 6,064 shares during the period. Sequoia Financial Advisors LLC’s holdings in KB Financial Group were worth $2,491,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. M&T Bank Corp bought a new position in shares of KB Financial Group in the fourth quarter worth approximately $36,964,000. Invesco Ltd. raised its position in shares of KB Financial Group by 508.9% during the 2nd quarter. Invesco Ltd. now owns 152,939 shares of the bank’s stock valued at $12,631,000 after purchasing an additional 127,823 shares during the period. Laird Norton Wetherby Trust Company LLC purchased a new position in shares of KB Financial Group during the 4th quarter valued at $6,640,000. Two Sigma Investments LP lifted its stake in shares of KB Financial Group by 82.0% during the 3rd quarter. Two Sigma Investments LP now owns 171,025 shares of the bank’s stock valued at $14,180,000 after buying an additional 77,048 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in KB Financial Group by 9.1% in the 2nd quarter. Bank of America Corp DE now owns 845,567 shares of the bank’s stock worth $69,835,000 after buying an additional 70,865 shares during the period. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Down 2.1%

KB opened at $120.62 on Wednesday. The firm has a 50-day simple moving average of $106.99 and a two-hundred day simple moving average of $103.13. KB Financial Group Inc has a 52 week low of $76.31 and a 52 week high of $125.62. The company has a market capitalization of $42.78 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 0.82 and a beta of 1.01. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.47.

KB Financial Group (NYSE:KB) last issued its earnings results on Tuesday, March 31st. The bank reported $2.16 earnings per share (EPS) for the quarter. KB Financial Group had a return on equity of 9.99% and a net margin of 17.36%.The firm had revenue of $3.49 billion for the quarter. Analysts forecast that KB Financial Group Inc will post 12.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on KB. The Goldman Sachs Group reissued a “buy” rating on shares of KB Financial Group in a report on Wednesday, July 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, June 24th. Finally, Wall Street Zen cut KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

KB Financial Group Company 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.