KB Financial Group Inc. (NYSE:KB) Shares Acquired by US Bancorp DE

US Bancorp DE raised its stake in shares of KB Financial Group Inc. (NYSE:KB) by 11.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,092 shares of the bank’s stock after purchasing an additional 2,437 shares during the quarter. US Bancorp DE’s holdings in KB Financial Group were worth $1,426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in KB. Boston Partners raised its stake in KB Financial Group by 195.1% in the 1st quarter. Boston Partners now owns 100,447 shares of the bank’s stock worth $5,233,000 after acquiring an additional 66,413 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in KB Financial Group by 20.9% during 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 acquiring an additional 64,000 shares during the period. Acadian Asset Management LLC grew its stake in KB Financial Group by 32.0% during the 1st quarter. Acadian Asset Management LLC now owns 257,611 shares of the bank’s stock valued at $13,409,000 after purchasing an additional 62,455 shares during the last quarter. SageView Advisory Group LLC purchased a new position in shares of KB Financial Group in the first quarter worth about $1,914,000. Finally, NINE MASTS CAPITAL Ltd purchased a new position in shares of KB Financial Group in the second quarter worth about $2,038,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th.

KB Financial Group Trading Up 1.1 %

Shares of KB Financial Group stock opened at $67.99 on Friday. The stock has a market cap of $26.76 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 0.57 and a beta of 0.97. The firm has a fifty day moving average price of $64.59 and a 200 day moving average price of $60.89. KB Financial Group Inc. has a 1 year low of $36.57 and a 1 year high of $72.89. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.67 and a quick ratio of 1.67.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.36. The business had revenue of $3.18 billion during the quarter. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. Equities research analysts predict that KB Financial Group Inc. will post 9.29 earnings per share 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.