KB Financial Group Inc. (NYSE:KB) Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC boosted its holdings in KB Financial Group Inc. (NYSE:KB) by 1.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,248 shares of the bank’s stock after acquiring an additional 208 shares during the period. Bleakley Financial Group LLC’s holdings in KB Financial Group were worth $818,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in KB. Hilltop National Bank acquired a new stake in shares of KB Financial Group in the second quarter valued at approximately $34,000. GAMMA Investing LLC grew its holdings in KB Financial Group by 98.0% during the 1st quarter. GAMMA Investing LLC now owns 689 shares of the bank’s stock valued at $36,000 after buying an additional 341 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of KB Financial Group by 66.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank’s stock worth $44,000 after acquiring an additional 310 shares during the last quarter. CWM LLC lifted its position in shares of KB Financial Group by 5.7% in the third quarter. CWM LLC now owns 2,851 shares of the bank’s stock valued at $176,000 after acquiring an additional 155 shares in the last quarter. Finally, Systematic Alpha Investments LLC acquired a new stake in shares of KB Financial Group during the second quarter valued at $204,000. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of KB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 12th.

KB Financial Group Stock Performance

Shares of KB opened at $68.71 on Monday. The company has a market capitalization of $27.73 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 0.45 and a beta of 0.98. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.67 and a current ratio of 1.67. KB Financial Group Inc. has a 1 year low of $36.57 and a 1 year high of $70.70. The company’s 50 day simple moving average is $63.72 and its 200 day simple moving average is $59.19.

KB Financial Group (NYSE:KB) last posted its quarterly earnings data on Wednesday, August 14th. The bank reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.36. The business had revenue of $3.18 billion for the quarter. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. On average, sell-side analysts predict that KB Financial Group Inc. will post 9.4 EPS for the current year.

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.