HighTower Advisors LLC Invests $933,000 in KB Financial Group Inc. (NYSE:KB)

HighTower Advisors LLC bought a new stake in KB Financial Group Inc. (NYSE:KB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,401 shares of the bank’s stock, valued at approximately $933,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KB. Wilmington Savings Fund Society FSB acquired a new stake in KB Financial Group during the third quarter valued at approximately $35,000. Hudson Edge Investment Partners Inc. boosted its stake in KB Financial Group by 5.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock valued at $198,000 after buying an additional 168 shares in the last quarter. Glenmede Trust Co. NA acquired a new stake in KB Financial Group in the 3rd quarter valued at $236,000. Optas LLC bought a new stake in KB Financial Group in the fourth quarter valued at $261,000. Finally, Banque Pictet & Cie SA acquired a new position in KB Financial Group during the fourth quarter worth $283,000. 11.52% of the stock is owned by institutional investors.

KB Financial Group Price Performance

Shares of KB stock opened at $55.13 on Friday. KB Financial Group Inc. has a 52 week low of $45.59 and a 52 week high of $72.89. The stock has a market capitalization of $21.70 billion, a PE ratio of 6.43, a PEG ratio of 0.52 and a beta of 0.99. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The stock’s fifty day moving average is $57.56 and its 200-day moving average is $61.38.

KB Financial Group (NYSE:KB) last issued its quarterly earnings data on Wednesday, March 5th. The bank reported $1.21 EPS for the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The firm had revenue of $2.94 billion for the quarter. Equities research analysts expect that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KB. Morgan Stanley upgraded shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th. StockNews.com lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, March 21st.

About KB Financial Group

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.