HighTower Advisors LLC Purchases New Stake in KB Financial Group Inc. (NYSE:KB)

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

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

Wall Street Analyst Weigh In

KB has been the topic of several analyst reports. Morgan Stanley upgraded shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th. StockNews.com lowered KB Financial Group from a “buy” rating to a “hold” rating in a report on Friday, March 21st.

KB Financial Group Trading Down 1.4 %

NYSE:KB opened at $55.13 on Friday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. The business’s 50-day simple moving average is $57.56 and its 200-day simple moving average is $61.38. KB Financial Group Inc. has a fifty-two week low of $45.59 and a fifty-two week high of $72.89. The stock has a market capitalization of $21.70 billion, a PE ratio of 6.43, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99.

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

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.