Nykredit A S Invests $10.93 Million in KB Financial Group Inc $KB

Nykredit A S purchased a new stake in KB Financial Group Inc (NYSE:KB) in the second quarter, Holdings Channel.com reports. The fund purchased 104,099 shares of the bank’s stock, valued at approximately $10,926,000.

Other hedge funds have also recently modified their holdings of the company. WCM Investment Management LLC bought a new stake in KB Financial Group during the first quarter worth $24,497,000. Bank of America Corp DE lifted its holdings in KB Financial Group by 20.3% during the first quarter. Bank of America Corp DE now owns 1,068,416 shares of the bank’s stock valued at $106,553,000 after purchasing an additional 180,590 shares during the last quarter. Invesco Ltd. boosted its holdings in KB Financial Group by 508.9% in the 2nd quarter. Invesco Ltd. now owns 152,939 shares of the bank’s stock worth $12,631,000 after buying an additional 127,823 shares during the period. Trinity Street Asset Management LLP boosted its holdings in shares of KB Financial Group by 141.4% in the second quarter. Trinity Street Asset Management LLP now owns 146,667 shares of the bank’s stock worth $15,394,000 after acquiring an additional 85,904 shares during the period. Finally, Laird Norton Wetherby Trust Company LLC purchased a new position in KB Financial Group during the 4th quarter valued at about $6,640,000. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Down 3.1%

Shares of NYSE:KB opened at $128.21 on Friday. The stock has a 50 day moving average price of $118.47 and a 200-day moving average price of $110.17. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market capitalization of $45.47 billion, a P/E ratio of 11.01, a P/E/G ratio of 0.77 and a beta of 1.02. KB Financial Group Inc has a 52-week low of $76.31 and a 52-week high of $133.08.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Friday, August 14th. The bank reported $3.67 EPS for the quarter, beating the consensus estimate of $3.51 by $0.16. KB Financial Group had a return on equity of 10.11% and a net margin of 17.67%.The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.45 billion. As a group, equities research analysts anticipate that KB Financial Group Inc will post 12.91 EPS for the current fiscal year.

Analysts Set New Price Targets

KB has been the topic of several research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of KB Financial Group in a report on Wednesday, July 1st. Zacks Research raised shares of KB Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

About KB Financial Group

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.