Adero Partners LLC Raises Holdings in KB Financial Group Inc. (NYSE:KB)

Adero Partners LLC increased its holdings in KB Financial Group Inc. (NYSE:KB) by 6.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,097 shares of the bank’s stock after acquiring an additional 295 shares during the period. Adero Partners LLC’s holdings in KB Financial Group were worth $315,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in KB. American Century Companies Inc. boosted its position in shares of KB Financial Group by 7.1% during the second quarter. American Century Companies Inc. now owns 511,542 shares of the bank’s stock worth $28,958,000 after buying an additional 33,900 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of KB Financial Group by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 370,030 shares of the bank’s stock worth $19,267,000 after buying an additional 64,000 shares during the period. Acadian Asset Management LLC boosted its position in shares of 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 period. Capital International Investors boosted its position in shares of KB Financial Group by 8.2% during the first quarter. Capital International Investors now owns 254,968 shares of the bank’s stock worth $13,276,000 after buying an additional 19,260 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of KB Financial Group by 4.9% during the second quarter. Envestnet Asset Management Inc. now owns 165,691 shares of the bank’s stock worth $9,380,000 after buying an additional 7,809 shares during the period. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

KB Financial Group Stock Down 0.5 %

Shares of NYSE KB opened at $64.14 on Friday. The stock has a market cap of $25.24 billion, a P/E ratio of 7.48, a PEG ratio of 0.56 and a beta of 0.97. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.33. KB Financial Group Inc. has a 12-month low of $36.57 and a 12-month high of $72.89. The business’s fifty day simple moving average is $64.76 and its 200-day simple moving average is $61.45.

KB Financial Group (NYSE:KB) last posted its quarterly earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.36. KB Financial Group had a return on equity of 7.58% and a net margin of 12.33%. The company had revenue of $3.18 billion for the quarter. As a group, equities analysts predict that KB Financial Group Inc. will post 9.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th.

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.