American Century Companies Inc. Raises Position in KB Financial Group Inc. (NYSE:KB)

American Century Companies Inc. lifted its holdings in shares of KB Financial Group Inc. (NYSE:KB) by 7.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 511,542 shares of the bank’s stock after purchasing an additional 33,900 shares during the quarter. American Century Companies Inc. owned about 0.13% of KB Financial Group worth $28,958,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Teachers Retirement System of The State of Kentucky increased its position in KB Financial Group by 12.2% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 306,030 shares of the bank’s stock worth $12,660,000 after purchasing an additional 33,300 shares during the last quarter. Boston Partners increased its holdings in shares of KB Financial Group by 195.1% during the 1st quarter. Boston Partners now owns 100,447 shares of the bank’s stock worth $5,233,000 after buying an additional 66,413 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in shares of KB Financial Group in the 1st quarter worth $729,000. Capital International Investors boosted its holdings in KB Financial Group by 8.2% in the first quarter. Capital International Investors now owns 254,968 shares of the bank’s stock valued at $13,276,000 after acquiring an additional 19,260 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in KB Financial Group by 32.0% during the first quarter. Acadian Asset Management LLC now owns 257,611 shares of the bank’s stock valued at $13,409,000 after acquiring an additional 62,455 shares during the period. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 27th.

KB Financial Group Trading Up 0.4 %

Shares of KB stock opened at $61.79 on Thursday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.33. KB Financial Group Inc. has a fifty-two week low of $36.57 and a fifty-two week high of $67.40. The firm’s 50 day moving average price is $62.39 and its two-hundred day moving average price is $57.52. The stock has a market cap of $24.93 billion, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 0.41 and a beta of 0.99.

KB Financial Group (NYSE:KB) last issued its earnings results on Wednesday, August 14th. The bank reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.36. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. The business 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 year.

KB Financial Group Company 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.