13,609 Shares in KB Financial Group Inc $KB Bought by TT International Asset Management LTD

TT International Asset Management LTD purchased a new stake in KB Financial Group Inc (NYSE:KB) in the 3rd quarter, HoldingsChannel reports. The fund purchased 13,609 shares of the bank’s stock, valued at approximately $1,675,000. KB Financial Group accounts for approximately 0.2% of TT International Asset Management LTD’s portfolio, making the stock its 19th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich grew its position in KB Financial Group by 1.1% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 22,150 shares of the bank’s stock valued at $2,822,000 after purchasing an additional 232 shares during the period. Vise Technologies Inc. raised its holdings in KB Financial Group by 18.2% during the third quarter. Vise Technologies Inc. now owns 54,852 shares of the bank’s stock worth $6,752,000 after buying an additional 8,444 shares during the last quarter. Aprio Wealth Management LLC raised its holdings in KB Financial Group by 1.6% during the third quarter. Aprio Wealth Management LLC now owns 10,270 shares of the bank’s stock worth $1,264,000 after buying an additional 161 shares during the last quarter. Victory Financial Group LLC raised its holdings in KB Financial Group by 22.2% during the third quarter. Victory Financial Group LLC now owns 6,203 shares of the bank’s stock worth $764,000 after buying an additional 1,126 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of KB Financial Group by 19.4% in the third quarter. Park Avenue Securities LLC now owns 20,437 shares of the bank’s stock valued at $2,516,000 after buying an additional 3,319 shares in the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

KB Financial Group Stock Performance

NYSE KB opened at $110.81 on Wednesday. KB Financial Group Inc has a 52-week low of $81.36 and a 52-week high of $133.29. The company has a 50-day simple moving average of $122.84 and a 200 day simple moving average of $111.53. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market capitalization of $39.30 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.64 and a beta of 1.09.

KB Financial Group (NYSE:KB) last issued its quarterly earnings results on Friday, August 14th. The bank reported $3.67 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.16. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.45 billion. KB Financial Group had a return on equity of 10.11% and a net margin of 17.67%. On average, research analysts predict that KB Financial Group Inc will post 13.98 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Zacks Research raised shares of KB Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 21st. Weiss Ratings cut shares of KB Financial Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat, KB Financial Group has a consensus rating of “Buy”.

KB Financial Group Profile

KB Financial Group Inc is a South Korean financial holding company headquartered in Seoul. Established in 2008, the group operates through a broad network of financial subsidiaries led by KB Kookmin Bank, one of South Korea’s major commercial banks. Its American depositary shares trade on the New York Stock Exchange under the symbol “KB.”

KB Financial Group provides a wide range of financial products and services, including retail and commercial banking, corporate finance, credit cards, securities brokerage and investment banking, insurance, asset management, consumer finance, and savings banking.