Cwm LLC Grows Position in KB Financial Group Inc. (NYSE:KB)

Cwm LLC raised its stake in KB Financial Group Inc. (NYSE:KB) by 12.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,409 shares of the bank’s stock after buying an additional 265 shares during the quarter. Cwm LLC’s holdings in KB Financial Group were worth $100,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KB. Trinity Street Asset Management LLP boosted its holdings in KB Financial Group by 3.1% during the 4th quarter. Trinity Street Asset Management LLP now owns 2,151,024 shares of the bank’s stock valued at $88,988,000 after acquiring an additional 65,402 shares during the period. Todd Asset Management LLC grew its holdings in shares of KB Financial Group by 26.4% in the third quarter. Todd Asset Management LLC now owns 523,641 shares of the bank’s stock valued at $21,527,000 after purchasing an additional 109,468 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in KB Financial Group by 8.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 403,021 shares of the bank’s stock worth $16,568,000 after buying an additional 31,281 shares during the period. American Century Companies Inc. lifted its holdings in KB Financial Group by 9.5% during the 3rd quarter. American Century Companies Inc. now owns 391,861 shares of the bank’s stock worth $16,109,000 after buying an additional 33,884 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in KB Financial Group by 27.0% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 272,730 shares of the bank’s stock valued at $11,212,000 after buying an additional 58,000 shares during the period. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 13th.

KB Financial Group Price Performance

KB stock opened at $54.77 on Tuesday. KB Financial Group Inc. has a 1 year low of $35.20 and a 1 year high of $58.52. The firm has a market capitalization of $22.10 billion, a P/E ratio of 6.21, a P/E/G ratio of 0.40 and a beta of 1.01. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.67 and a quick ratio of 1.67. The business’s 50-day moving average is $51.68 and its two-hundred day moving average is $45.25.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Wednesday, March 6th. The bank reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.21). KB Financial Group had a net margin of 12.94% and a return on equity of 7.78%. The firm had revenue of $3.54 billion during the quarter. Analysts anticipate that KB Financial Group Inc. will post 9.32 earnings per share for the current fiscal 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, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.