3,549 Shares in KB Financial Group Inc $KB Acquired by Midwest Trust Co

Midwest Trust Co purchased a new stake in KB Financial Group Inc (NYSE:KB) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 3,549 shares of the bank’s stock, valued at approximately $293,000.

Other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. lifted its position in KB Financial Group by 27.3% during the first 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 period. Cerity Partners LLC lifted its holdings 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 acquiring an additional 18,149 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of KB Financial Group by 2.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 174,242 shares of the bank’s stock worth $9,428,000 after acquiring an additional 4,448 shares during the period. Amundi boosted its position in shares of KB Financial Group by 72.3% in the first quarter. Amundi now owns 76,861 shares of the bank’s stock worth $4,021,000 after acquiring an additional 32,250 shares during the last quarter. Finally, Cresset Asset Management LLC purchased a new stake in KB Financial Group in the first quarter valued at approximately $207,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

KB has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, October 8th. Wall Street Zen lowered KB Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, KB Financial Group presently has an average rating of “Buy”.

KB Financial Group Price Performance

KB opened at $91.25 on Thursday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.36. KB Financial Group Inc has a 52-week low of $46.38 and a 52-week high of $92.39. The company has a 50 day moving average of $82.57 and a two-hundred day moving average of $79.26. The company has a market cap of $34.81 billion, a P/E ratio of 8.77, a P/E/G 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 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.01. The business had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.20 billion. KB Financial Group had a net margin of 16.16% and a return on equity of 9.79%. On average, analysts expect 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.