Advisors Asset Management Inc. lifted its position in shares of KB Financial Group Inc. (NYSE:KB – Get Rating) by 44.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 14,958 shares of the bank’s stock after buying an additional 4,602 shares during the quarter. Advisors Asset Management Inc.’s holdings in KB Financial Group were worth $556,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wetherby Asset Management Inc. boosted its holdings in KB Financial Group by 0.6% in the first quarter. Wetherby Asset Management Inc. now owns 46,172 shares of the bank’s stock worth $2,255,000 after purchasing an additional 284 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in KB Financial Group by 3.4% in the first quarter. Quadrant Capital Group LLC now owns 10,577 shares of the bank’s stock worth $516,000 after purchasing an additional 343 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in KB Financial Group by 2.0% in the first quarter. JPMorgan Chase & Co. now owns 18,979 shares of the bank’s stock worth $927,000 after purchasing an additional 378 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in KB Financial Group by 156.1% in the first quarter. BNP Paribas Arbitrage SA now owns 625 shares of the bank’s stock worth $31,000 after purchasing an additional 381 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in KB Financial Group by 11.0% in the second quarter. Lindbrook Capital LLC now owns 4,510 shares of the bank’s stock worth $168,000 after purchasing an additional 447 shares during the last quarter. Institutional investors own 5.54% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday.
KB Financial Group Trading Up 0.6 %
KB Financial Group (NYSE:KB – Get Rating) last issued its quarterly earnings results on Tuesday, August 16th. The bank reported $2.56 earnings per share for the quarter. The business had revenue of $3.64 billion for the quarter. KB Financial Group had a net margin of 20.82% and a return on equity of 13.14%. Research analysts expect that KB Financial Group Inc. will post 8.51 earnings per share for the current year.
KB Financial Group Company Profile
KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. The company operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.
- Get a free copy of the StockNews.com research report on KB Financial Group (KB)
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