SVB Wealth LLC Has $324,000 Stock Position in KB Financial Group Inc. (NYSE:KB)

SVB Wealth LLC raised its stake in KB Financial Group Inc. (NYSE:KB) by 4.5% in the 1st quarter, HoldingsChannel reports. The fund owned 6,225 shares of the bank’s stock after buying an additional 270 shares during the quarter. SVB Wealth LLC’s holdings in KB Financial Group were worth $324,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KB. Todd Asset Management LLC increased its position in KB Financial Group by 13.0% in the 4th quarter. Todd Asset Management LLC now owns 591,498 shares of the bank’s stock valued at $24,470,000 after acquiring an additional 67,857 shares in the last quarter. Trinity Street Asset Management LLP boosted its stake in shares of KB Financial Group by 3.1% in the 4th quarter. Trinity Street Asset Management LLP now owns 2,151,024 shares of the bank’s stock valued at $88,988,000 after purchasing an additional 65,402 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of KB Financial Group by 32.0% in the 1st quarter. Acadian Asset Management LLC now owns 257,611 shares of the bank’s stock valued at $13,409,000 after purchasing an additional 62,455 shares during the last quarter. SageView Advisory Group LLC bought a new position in shares of KB Financial Group in the 1st quarter valued at about $1,914,000. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of KB Financial Group by 12.2% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 306,030 shares of the bank’s stock valued at $12,660,000 after purchasing an additional 33,300 shares during the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th.

KB Financial Group Trading Down 0.2 %

KB Financial Group stock traded down $0.12 during midday trading on Tuesday, hitting $64.80. 35,363 shares of the stock were exchanged, compared to its average volume of 213,497. The company has a fifty day simple moving average of $58.63 and a two-hundred day simple moving average of $53.00. KB Financial Group Inc. has a 52 week low of $36.57 and a 52 week high of $65.38. The stock has a market capitalization of $26.15 billion, a PE ratio of 8.11, a P/E/G ratio of 0.45 and a beta of 1.00. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 2.25.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Thursday, May 16th. The bank reported $2.07 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.07. KB Financial Group had a net margin of 11.65% and a return on equity of 6.97%. The business had revenue of $3.64 billion for the quarter. Equities research analysts anticipate that KB Financial Group Inc. will post 9.4 EPS for the current fiscal year.

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.