GAMMA Investing LLC Purchases 345 Shares of KB Financial Group Inc. (NYSE:KB)

GAMMA Investing LLC boosted its holdings in KB Financial Group Inc. (NYSE:KB) by 36.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,279 shares of the bank’s stock after buying an additional 345 shares during the quarter. GAMMA Investing LLC’s holdings in KB Financial Group were worth $79,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in KB Financial Group by 7.1% during the 2nd quarter. American Century Companies Inc. now owns 511,542 shares of the bank’s stock valued at $28,958,000 after purchasing an additional 33,900 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in KB Financial Group by 20.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 370,030 shares of the bank’s stock valued at $19,267,000 after purchasing an additional 64,000 shares during the period. Acadian Asset Management LLC increased its holdings in KB Financial Group by 3.9% during the second quarter. Acadian Asset Management LLC now owns 267,625 shares of the bank’s stock worth $15,146,000 after buying an additional 10,014 shares during the last quarter. Capital International Investors increased its stake in shares of KB Financial Group by 8.2% during the 1st quarter. Capital International Investors now owns 254,968 shares of the bank’s stock worth $13,276,000 after purchasing an additional 19,260 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of KB Financial Group by 4.9% in the second quarter. Envestnet Asset Management Inc. now owns 165,691 shares of the bank’s stock valued at $9,380,000 after buying an additional 7,809 shares during the period. 11.52% of the stock is owned by institutional investors.

KB Financial Group Stock Performance

Shares of KB opened at $68.15 on Wednesday. KB Financial Group Inc. has a 52-week low of $36.57 and a 52-week high of $70.70. The stock’s 50-day simple moving average is $63.19 and its 200 day simple moving average is $58.81. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market capitalization of $27.50 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 0.45 and a beta of 0.98.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.36. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. The firm had revenue of $3.18 billion for the quarter. Research analysts forecast that KB Financial Group Inc. will post 9.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday.

KB Financial Group 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.