Frank Rimerman Advisors LLC Grows Stock Holdings in KB Financial Group Inc $KB

Frank Rimerman Advisors LLC lifted its holdings in KB Financial Group Inc (NYSE:KB) by 46.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,448 shares of the bank’s stock after acquiring an additional 5,552 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in KB Financial Group were worth $1,740,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Brown Brothers Harriman & Co. boosted its holdings in KB Financial Group by 131.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock valued at $35,000 after purchasing an additional 229 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of KB Financial Group during the 4th quarter valued at about $39,000. Bell Investment Advisors Inc lifted its holdings in shares of KB Financial Group by 29.3% in the 1st quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock valued at $48,000 after buying 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 1st 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 purchased a new stake in shares of KB Financial Group in the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Trading Up 1.2%

KB stock opened at $116.88 on Thursday. KB Financial Group Inc has a 52-week low of $76.31 and a 52-week 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. The firm has a market cap of $41.46 billion, a P/E ratio of 10.49, a PEG ratio of 0.71 and a beta of 1.01. The company’s 50-day simple moving average is $106.02 and its 200-day simple moving average is $102.15.

KB Financial Group (NYSE:KB) last released its quarterly earnings results on Tuesday, March 31st. The bank reported $2.16 earnings per share for the quarter. The company 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%. As a group, equities analysts forecast that KB Financial Group Inc will post 11.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KB has been the subject of several recent research reports. Wall Street Zen cut KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. The Goldman Sachs Group restated a “buy” rating on shares of KB Financial Group in a research report on Wednesday, July 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently 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.