E. Ohman J or Asset Management AB Makes New $1.19 Million Investment in KB Financial Group Inc $KB

E. Ohman J or Asset Management AB acquired a new stake in KB Financial Group Inc (NYSE:KB) during the third quarter, Holdings Channel.com reports. The fund acquired 9,690 shares of the bank’s stock, valued at approximately $1,193,000.

Several other large investors have also added to or reduced their stakes in the business. First Trust Advisors LP increased its holdings in KB Financial Group by 72.7% during the 1st quarter. First Trust Advisors LP now owns 20,297 shares of the bank’s stock worth $2,024,000 after purchasing an additional 8,546 shares in the last quarter. Calamos Advisors LLC purchased a new stake in KB Financial Group in the 1st quarter valued at about $3,842,000. Cetera Investment Advisers lifted its holdings in KB Financial Group by 127.8% during the first quarter. Cetera Investment Advisers now owns 23,461 shares of the bank’s stock worth $2,340,000 after acquiring an additional 13,164 shares during the period. Nykredit A S bought a new stake in shares of KB Financial Group in the second quarter valued at approximately $10,926,000. Finally, Bank of America Corp DE grew its stake in KB Financial Group by 20.3% in the 1st quarter. Bank of America Corp DE now owns 1,068,416 shares of the bank’s stock valued at $106,553,000 after buying an additional 180,590 shares in the last quarter. Institutional investors own 11.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KB shares. The Goldman Sachs Group reissued a “buy” rating on shares of KB Financial Group in a report on Wednesday, July 1st. Weiss Ratings raised KB Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Finally, Zacks Research upgraded KB Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

KB Financial Group Price Performance

Shares of NYSE KB opened at $114.93 on Friday. The firm has a market capitalization of $40.77 billion, a P/E ratio of 10.00, a P/E/G ratio of 0.62 and a beta of 1.05. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.53. The stock’s 50-day simple moving average is $123.65 and its two-hundred day simple moving average is $114.84. KB Financial Group Inc has a twelve month low of $79.68 and a twelve month high of $133.29.

KB Financial Group (NYSE:KB) last announced its earnings results on Friday, August 14th. The bank reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.16. KB Financial Group had a net margin of 17.67% and a return on equity of 10.11%. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.45 billion. As a group, equities analysts anticipate that KB Financial Group Inc will post 13.98 EPS for the current fiscal year.

KB Financial Group Company 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.