8,127 Shares in KB Financial Group Inc $KB Bought by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC acquired a new position in KB Financial Group Inc (NYSE:KB) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 8,127 shares of the bank’s stock, valued at approximately $699,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cullen Capital Management LLC grew its holdings in KB Financial Group by 19.6% in the second quarter. Cullen Capital Management LLC now owns 111,477 shares of the bank’s stock worth $9,207,000 after purchasing an additional 18,255 shares during the period. Capital International Investors boosted its position in shares of KB Financial Group by 12.7% in the 3rd quarter. Capital International Investors now owns 757,168 shares of the bank’s stock worth $62,735,000 after purchasing an additional 85,231 shares in the last quarter. Caprock Group LLC bought a new stake in shares of KB Financial Group in the 3rd quarter worth approximately $1,396,000. Advisors Preferred LLC purchased a new stake in shares of KB Financial Group in the 3rd quarter worth approximately $391,000. Finally, Schroder Investment Management Group grew its stake in shares of KB Financial Group by 24.3% in the 2nd quarter. Schroder Investment Management Group now owns 64,244 shares of the bank’s stock worth $5,306,000 after buying an additional 12,561 shares during the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KB shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research report on Monday, December 29th. Wall Street Zen raised KB Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Finally, Zacks Research upgraded KB Financial Group from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

KB Financial Group Trading Down 0.9%

NYSE:KB opened at $101.68 on Wednesday. The stock has a market cap of $37.91 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 0.63 and a beta of 1.08. The company has a quick ratio of 1.65, a current ratio of 1.64 and a debt-to-equity ratio of 2.48. The company’s 50 day moving average price is $102.70 and its 200-day moving average price is $90.78. KB Financial Group Inc has a 52 week low of $46.38 and a 52 week high of $119.71.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Saturday, January 31st. The bank reported $1.43 earnings per share for the quarter. KB Financial Group had a net margin of 17.16% and a return on equity of 9.67%. On average, equities research analysts forecast 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 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.