First Affirmative Financial Network Makes New $209,000 Investment in KB Financial Group Inc. (NYSE:KB)

First Affirmative Financial Network purchased a new position in shares of KB Financial Group Inc. (NYSE:KB) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,018 shares of the bank’s stock, valued at approximately $209,000.

Several other hedge funds have also recently added to or reduced their stakes in KB. GAMMA Investing LLC increased its holdings in shares of KB Financial Group by 98.0% in the first quarter. GAMMA Investing LLC now owns 689 shares of the bank’s stock worth $36,000 after buying an additional 341 shares during the period. Tucker Asset Management LLC purchased a new position in KB Financial Group during the 4th quarter valued at about $68,000. CWM LLC increased its holdings in KB Financial Group by 12.4% during the 4th quarter. CWM LLC now owns 2,409 shares of the bank’s stock valued at $100,000 after purchasing an additional 265 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in KB Financial Group by 47.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,490 shares of the bank’s stock valued at $103,000 after purchasing an additional 805 shares during the period. Finally, Barometer Capital Management Inc. purchased a new position in KB Financial Group during the 4th quarter valued at about $120,000. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Performance

Shares of KB opened at $55.68 on Friday. The stock has a market cap of $22.47 billion, a P/E ratio of 6.95, a P/E/G ratio of 0.42 and a beta of 1.01. KB Financial Group Inc. has a 52 week low of $35.20 and a 52 week high of $60.14. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 2.25. The business’s 50 day moving average price is $55.09 and its 200-day moving average price is $49.23.

KB Financial Group (NYSE:KB) last announced its earnings results on Thursday, May 16th. The bank reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.07. The business had revenue of $3.64 billion during the quarter. KB Financial Group had a net margin of 11.65% and a return on equity of 6.97%. Equities research analysts anticipate that KB Financial Group Inc. will post 9.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 18th.

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.