Hantz Financial Services Inc. Acquires 687 Shares of KB Financial Group Inc $KB

Hantz Financial Services Inc. boosted its position in shares of KB Financial Group Inc (NYSE:KB) by 817.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 771 shares of the bank’s stock after buying an additional 687 shares during the quarter. Hantz Financial Services Inc.’s holdings in KB Financial Group were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KB. Bank of New York Mellon Corp raised its position in KB Financial Group by 12.3% during the first quarter. Bank of New York Mellon Corp now owns 14,714 shares of the bank’s stock worth $796,000 after acquiring an additional 1,608 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of KB Financial Group by 2.6% in the first quarter. Envestnet Asset Management Inc. now owns 174,242 shares of the bank’s stock valued at $9,428,000 after purchasing an additional 4,448 shares during the period. Cerity Partners LLC lifted its stake in shares of KB Financial Group by 63.7% during the 1st quarter. Cerity Partners LLC now owns 46,620 shares of the bank’s stock worth $2,523,000 after buying an additional 18,149 shares during the last quarter. Bridgewater Advisors Inc. acquired a new stake in shares of KB Financial Group during the 1st quarter worth about $434,000. Finally, Victory Capital Management Inc. lifted its stake in shares of KB Financial Group by 27.3% during the 1st quarter. Victory Capital Management Inc. now owns 15,620 shares of the bank’s stock worth $845,000 after buying an additional 3,345 shares during the last quarter. 11.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

KB has been the subject of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, October 8th. Wall Street Zen cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, KB Financial Group currently has a consensus rating of “Buy”.

KB Financial Group Trading Up 1.9%

KB stock opened at $83.79 on Wednesday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.67 and a current ratio of 1.67. The company’s 50-day simple moving average is $81.53 and its 200 day simple moving average is $78.20. KB Financial Group Inc has a 52 week low of $46.38 and a 52 week high of $92.39. The company has a market capitalization of $31.96 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 0.65 and a beta of 1.10.

KB Financial Group (NYSE:KB) last released its quarterly earnings results on Thursday, August 14th. The bank reported $3.16 EPS for the quarter, beating the consensus estimate of $3.15 by $0.01. KB Financial Group had a net margin of 16.16% and a return on equity of 9.79%. The business had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.20 billion. As a group, sell-side analysts anticipate that KB Financial Group Inc will post 8.87 earnings per share 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.