Marietta Investment Partners LLC Buys New Position in KB Financial Group Inc $KB

Marietta Investment Partners LLC bought a new stake in shares of KB Financial Group Inc (NYSE:KB) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 20,314 shares of the bank’s stock, valued at approximately $2,026,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KB. Brown Brothers Harriman & Co. increased its stake in shares of KB Financial Group by 131.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock valued at $35,000 after acquiring an additional 229 shares during the period. Kestra Advisory Services LLC acquired a new stake in KB Financial Group in the fourth quarter worth approximately $39,000. Bell Investment Advisors Inc lifted its position in KB Financial Group by 29.3% in the first quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock worth $48,000 after purchasing an additional 108 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of KB Financial Group by 90.0% in the first quarter. V Square Quantitative Management LLC now owns 496 shares of the bank’s stock valued at $49,000 after buying an additional 235 shares during the period. Finally, Leonteq Securities AG acquired a new stake in KB Financial Group in the 4th quarter valued at about $43,000. 11.52% of the stock is currently owned by institutional investors.

KB Financial Group Price Performance

Shares of NYSE:KB opened at $109.34 on Monday. The company’s fifty day moving average is $105.51 and its two-hundred day moving average is $101.50. The company has a market cap of $38.78 billion, a P/E ratio of 9.81, a price-to-earnings-growth ratio of 0.67 and a beta of 1.01. KB Financial Group Inc has a 12-month low of $76.31 and a 12-month high of $119.71. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.47.

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

Analyst Ratings Changes

Several analysts recently commented on KB shares. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, June 24th. The Goldman Sachs Group restated a “buy” rating on shares of KB Financial Group in a research report on Wednesday. Finally, Wall Street Zen cut KB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

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.