Aaron Wealth Advisors LLC Purchases 841 Shares of KB Financial Group Inc. (NYSE:KB)

Aaron Wealth Advisors LLC boosted its position in KB Financial Group Inc. (NYSE:KB) by 21.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,755 shares of the bank’s stock after purchasing an additional 841 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in KB Financial Group were worth $294,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in KB Financial Group by 7.1% during the 2nd quarter. American Century Companies Inc. now owns 511,542 shares of the bank’s stock valued at $28,958,000 after acquiring an additional 33,900 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of KB Financial Group by 20.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 370,030 shares of the bank’s stock worth $19,267,000 after buying an additional 64,000 shares during the last quarter. Acadian Asset Management LLC increased its position in KB Financial Group by 3.9% during the 2nd quarter. Acadian Asset Management LLC now owns 267,625 shares of the bank’s stock valued at $15,146,000 after buying an additional 10,014 shares in the last quarter. Capital International Investors raised its stake in KB Financial Group by 8.2% during the first quarter. Capital International Investors now owns 254,968 shares of the bank’s stock valued at $13,276,000 after buying an additional 19,260 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in KB Financial Group by 4.9% in the second quarter. Envestnet Asset Management Inc. now owns 165,691 shares of the bank’s stock worth $9,380,000 after acquiring an additional 7,809 shares in the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Up 1.1 %

Shares of KB Financial Group stock opened at $68.71 on Friday. The stock has a market capitalization of $27.73 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 0.45 and a beta of 0.98. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.67 and a current ratio of 1.67. The company has a 50-day simple moving average of $63.72 and a two-hundred day simple moving average of $59.13. KB Financial Group Inc. has a 52-week low of $36.57 and a 52-week high of $70.70.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Wednesday, August 14th. The bank reported $3.06 EPS for the quarter, beating the consensus estimate of $2.70 by $0.36. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. The company had revenue of $3.18 billion for the quarter. On average, analysts anticipate that KB Financial Group Inc. will post 9.4 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded KB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, October 12th.

About KB Financial Group

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.