US Bancorp DE Boosts Stock Holdings in KB Financial Group Inc $KB

US Bancorp DE raised its holdings in KB Financial Group Inc (NYSE:KB) by 30.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,745 shares of the bank’s stock after purchasing an additional 6,445 shares during the quarter. US Bancorp DE’s holdings in KB Financial Group were worth $2,300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KB. Invesco Ltd. lifted its position in shares of KB Financial Group by 508.9% during the 2nd quarter. Invesco Ltd. now owns 152,939 shares of the bank’s stock valued at $12,631,000 after acquiring an additional 127,823 shares during the period. American Century Companies Inc. increased its stake in KB Financial Group by 18.3% in the 2nd quarter. American Century Companies Inc. now owns 751,168 shares of the bank’s stock valued at $62,039,000 after purchasing an additional 116,293 shares in the last quarter. Bank of America Corp DE raised its holdings in KB Financial Group by 9.1% during the second quarter. Bank of America Corp DE now owns 845,567 shares of the bank’s stock worth $69,835,000 after purchasing an additional 70,865 shares during the last quarter. Vise Technologies Inc. purchased a new stake in KB Financial Group during the second quarter worth $3,003,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in KB Financial Group by 53.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,650 shares of the bank’s stock worth $5,230,000 after purchasing an additional 33,650 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Zacks Research raised KB Financial Group from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

KB Financial Group Price Performance

Shares of KB stock opened at $105.81 on Thursday. The firm has a market cap of $39.45 billion, a P/E ratio of 9.98, a P/E/G ratio of 0.65 and a beta of 1.08. The firm has a fifty day moving average of $98.51 and a two-hundred day moving average of $88.44. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.65 and a quick ratio of 1.65. KB Financial Group Inc has a 1-year low of $46.38 and a 1-year high of $119.71.

KB Financial Group (NYSE:KB) last posted its quarterly earnings results on Saturday, January 31st. The bank reported $1.43 earnings per share (EPS) for the quarter. KB Financial Group had a return on equity of 9.79% and a net margin of 16.96%. As a group, research analysts anticipate that KB Financial Group Inc will post 8.87 earnings per share for the current fiscal year.

KB Financial Group 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.