Vise Technologies Inc. Buys 8,444 Shares of KB Financial Group Inc $KB

Vise Technologies Inc. increased its stake in KB Financial Group Inc (NYSE:KB) by 18.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,852 shares of the bank’s stock after purchasing an additional 8,444 shares during the quarter. Vise Technologies Inc.’s holdings in KB Financial Group were worth $6,752,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of KB. Lazard Asset Management LLC lifted its position in KB Financial Group by 2.8% during the first quarter. Lazard Asset Management LLC now owns 1,457,537 shares of the bank’s stock valued at $145,360,000 after purchasing an additional 39,764 shares in the last quarter. Bank of America Corp DE increased its position in KB Financial Group by 20.3% in the first quarter. Bank of America Corp DE now owns 1,068,416 shares of the bank’s stock worth $106,553,000 after buying an additional 180,590 shares in the last quarter. Royal Bank of Canada raised its stake in shares of KB Financial Group by 18.7% in the first quarter. Royal Bank of Canada now owns 342,236 shares of the bank’s stock worth $34,131,000 after buying an additional 53,952 shares during the period. WCM Investment Management LLC bought a new position in shares of KB Financial Group in the first quarter worth about $24,497,000. Finally, Trinity Street Asset Management LLP raised its stake in shares of KB Financial Group by 141.4% in the second quarter. Trinity Street Asset Management LLP now owns 146,667 shares of the bank’s stock worth $15,394,000 after buying an additional 85,904 shares during the period. 11.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KB has been the topic of a number of analyst reports. Zacks Research raised 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 note on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat.com, KB Financial Group currently has an average rating of “Buy”.

KB Financial Group Stock Down 0.6%

Shares of KB stock opened at $112.01 on Tuesday. The company has a market capitalization of $39.73 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 0.61 and a beta of 1.05. KB Financial Group Inc has a one year low of $81.36 and a one year high of $133.29. The company’s fifty day moving average price is $123.00 and its 200-day moving average price is $111.41. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.64 and a quick ratio of 1.64.

KB Financial Group (NYSE:KB) last issued its earnings results on Friday, August 14th. The bank reported $3.67 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.16. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.45 billion. KB Financial Group had a net margin of 17.67% and a return on equity of 10.11%. Sell-side analysts expect 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.