Naviter Wealth LLC Makes New $372,000 Investment in KB Financial Group Inc $KB

Naviter Wealth LLC acquired a new position in KB Financial Group Inc (NYSE:KB) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,507 shares of the bank’s stock, valued at approximately $372,000.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in KB Financial Group by 105.6% in the second quarter. GAMMA Investing LLC now owns 1,836 shares of the bank’s stock worth $152,000 after purchasing an additional 943 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of KB Financial Group by 215.2% during the second quarter. Farther Finance Advisors LLC now owns 2,134 shares of the bank’s stock valued at $176,000 after acquiring an additional 1,457 shares in the last quarter. Cresset Asset Management LLC bought a new position in shares of KB Financial Group during the first quarter valued at $207,000. Vontobel Holding Ltd. bought a new position in shares of KB Financial Group during the second quarter valued at $211,000. Finally, Perigon Wealth Management LLC bought a new position in shares of KB Financial Group during the first quarter valued at $214,000. Institutional investors own 11.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KB shares. Wall Street Zen downgraded KB Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, KB Financial Group currently has a consensus rating of “Buy”.

KB Financial Group Price Performance

NYSE KB opened at $78.71 on Wednesday. KB Financial Group Inc has a one year low of $46.38 and a one year high of $92.39. The stock has a 50-day moving average of $81.26 and a 200 day moving average of $74.85. The company has a market capitalization of $30.02 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 0.60 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.67 and a current ratio of 1.67.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Thursday, August 14th. The bank reported $3.16 EPS for the quarter, topping the consensus estimate of $3.15 by $0.01. KB Financial Group had a return on equity of 9.79% and a net margin of 16.16%.The company had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.20 billion. On average, sell-side analysts forecast that KB Financial Group Inc will post 8.87 EPS for the current year.

KB Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were issued a $0.657 dividend. This represents a $2.63 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, August 8th. KB Financial Group’s dividend payout ratio (DPR) is presently 20.37%.

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.