O Shaughnessy Asset Management LLC Grows Stake in KB Financial Group Inc $KB

O Shaughnessy Asset Management LLC raised its stake in KB Financial Group Inc (NYSE:KB) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,627 shares of the bank’s stock after purchasing an additional 10,662 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in KB Financial Group were worth $12,014,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in KB. Capital International Investors increased its position in shares of KB Financial Group by 12.7% during the third quarter. Capital International Investors now owns 757,168 shares of the bank’s stock worth $62,735,000 after acquiring an additional 85,231 shares during the last quarter. Todd Asset Management LLC increased its position in shares of KB Financial Group by 5.9% during the third quarter. Todd Asset Management LLC now owns 560,017 shares of the bank’s stock worth $46,432,000 after acquiring an additional 31,230 shares during the last quarter. Caprock Group LLC purchased a new stake in shares of KB Financial Group during the third quarter worth about $1,396,000. Advisors Preferred LLC purchased a new stake in shares of KB Financial Group during the third quarter worth about $391,000. Finally, Advisors Asset Management Inc. increased its holdings in KB Financial Group by 30.5% in the third quarter. Advisors Asset Management Inc. now owns 19,305 shares of the bank’s stock valued at $1,601,000 after buying an additional 4,509 shares during the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

KB Financial Group Stock Performance

Shares of KB stock opened at $102.21 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.47. The business has a 50 day moving average of $105.43 and a two-hundred day moving average of $99.01. KB Financial Group Inc has a 52 week low of $76.31 and a 52 week high of $119.71. The company has a market cap of $38.11 billion, a P/E ratio of 9.17, a PEG ratio of 0.61 and a beta of 1.01.

KB Financial Group (NYSE:KB) last issued its earnings results on Tuesday, March 31st. The bank reported $2.16 EPS for the quarter. KB Financial Group had a return on equity of 9.99% and a net margin of 17.36%.The company had revenue of $3.49 billion during the quarter. As a group, analysts anticipate that KB Financial Group Inc will post 11.93 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on KB shares. Wall Street Zen lowered KB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

About KB Financial Group

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.