Profund Advisors LLC Purchases 1,700 Shares of KB Financial Group Inc $KB

Profund Advisors LLC raised its holdings in shares of KB Financial Group Inc (NYSE:KB) by 24.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,667 shares of the bank’s stock after purchasing an additional 1,700 shares during the quarter. Profund Advisors LLC’s holdings in KB Financial Group were worth $716,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KB. First Horizon Advisors Inc. bought a new stake in shares of KB Financial Group during the second quarter valued at approximately $25,000. Parkside Financial Bank & Trust increased its holdings in KB Financial Group by 585.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock worth $28,000 after purchasing an additional 287 shares during the period. Hantz Financial Services Inc. raised its position in KB Financial Group by 817.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 771 shares of the bank’s stock valued at $64,000 after purchasing an additional 687 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of KB Financial Group by 105.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,836 shares of the bank’s stock worth $152,000 after buying an additional 943 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of KB Financial Group by 215.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,134 shares of the bank’s stock worth $176,000 after buying an additional 1,457 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on KB. Wall Street Zen cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

KB Financial Group Price Performance

Shares of KB opened at $91.25 on Thursday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.67 and a quick ratio of 1.67. The company’s fifty day moving average price is $82.57 and its 200-day moving average price is $79.26. KB Financial Group Inc has a 1-year low of $46.38 and a 1-year high of $92.39. The firm has a market capitalization of $34.81 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 0.65 and a beta of 1.14.

KB Financial Group (NYSE:KB) last issued its earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $3.20 billion. On average, equities research analysts predict that KB Financial Group Inc will post 8.87 EPS for the current year.

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.