SG Trading Solutions LLC Acquires New Stake in KB Financial Group Inc $KB

SG Trading Solutions LLC purchased a new position in KB Financial Group Inc (NYSE:KB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,540 shares of the bank’s stock, valued at approximately $563,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. lifted its position in KB Financial Group by 131.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock worth $35,000 after buying an additional 229 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in KB Financial Group in the 4th quarter valued at $39,000. Jones Financial Companies Lllp increased its position in KB Financial Group by 187.4% during the third quarter. Jones Financial Companies Lllp now owns 500 shares of the bank’s stock worth $40,000 after purchasing an additional 326 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of KB Financial Group during the 4th quarter worth approximately $43,000. Finally, Triumph Capital Management acquired a new stake in KB Financial Group during the third quarter worth $46,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

KB has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of KB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research report on Friday, March 27th. One equities research 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 presently has an average rating of “Moderate Buy”.

KB Financial Group Trading Down 0.1%

NYSE:KB opened at $106.69 on Friday. The stock has a market cap of $39.78 billion, a P/E ratio of 9.58, a P/E/G ratio of 0.65 and a beta of 1.01. KB Financial Group Inc has a 1 year low of $76.31 and a 1 year high of $119.71. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a 50-day simple moving average of $106.58 and a 200-day simple moving average of $100.23.

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

KB Financial Group Company Profile

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.