Ethic Inc. Purchases 5,980 Shares of KB Financial Group Inc $KB

Ethic Inc. grew its position in KB Financial Group Inc (NYSE:KB) by 9.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 68,586 shares of the bank’s stock after purchasing an additional 5,980 shares during the quarter. Ethic Inc.’s holdings in KB Financial Group were worth $5,901,000 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 company. Bank of America Corp DE raised its holdings in shares of KB Financial Group by 4.3% in the third quarter. Bank of America Corp DE now owns 882,277 shares of the bank’s stock valued at $73,150,000 after acquiring an additional 36,710 shares in the last quarter. American Century Companies Inc. grew its holdings in KB Financial Group by 11.4% during the 3rd quarter. American Century Companies Inc. now owns 836,990 shares of the bank’s stock worth $69,395,000 after acquiring an additional 85,822 shares in the last quarter. Capital International Investors increased its position in KB Financial Group by 12.7% during the 3rd quarter. Capital International Investors now owns 757,168 shares of the bank’s stock valued at $62,735,000 after purchasing an additional 85,231 shares during the period. Todd Asset Management LLC increased its position in KB Financial Group by 5.9% during the 3rd quarter. Todd Asset Management LLC now owns 560,017 shares of the bank’s stock valued at $46,432,000 after purchasing an additional 31,230 shares during the period. Finally, M&T Bank Corp bought a new stake in shares of KB Financial Group in the 4th quarter valued at about $36,964,000. Institutional investors own 11.52% of the company’s stock.

Wall Street Analyst Weigh In

KB has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research report on Friday, March 27th. Zacks Research raised shares of KB Financial Group from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Wall Street Zen lowered KB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

KB Financial Group Price Performance

KB opened at $111.29 on Monday. The firm has a market capitalization of $41.49 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 0.68 and a beta of 1.06. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.64 and a quick ratio of 1.64. The business’s 50-day moving average is $105.12 and its two-hundred day moving average is $95.71. KB Financial Group Inc has a 1 year low of $65.31 and a 1 year high of $119.71.

KB Financial Group (NYSE:KB) last released its quarterly earnings results on Tuesday, March 31st. The bank reported $3.40 earnings per share for the quarter. KB Financial Group had a net margin of 17.36% and a return on equity of 10.00%. The business had revenue of $3.28 billion for the quarter. Research analysts anticipate that KB Financial Group Inc will post 11.93 earnings per share for the current fiscal year.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.