LSV Asset Management Acquires New Holdings in KB Financial Group Inc. (NYSE:KB)

LSV Asset Management acquired a new stake in KB Financial Group Inc. (NYSE:KB) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 32,400 shares of the bank’s stock, valued at approximately $1,340,000.

A number of other large investors have also added to or reduced their stakes in KB. Allworth Financial LP raised its holdings in KB Financial Group by 125.1% during the 3rd quarter. Allworth Financial LP now owns 1,166 shares of the bank’s stock worth $48,000 after purchasing an additional 648 shares during the last quarter. CWM LLC raised its holdings in KB Financial Group by 12.4% during the 4th quarter. CWM LLC now owns 2,409 shares of the bank’s stock worth $100,000 after purchasing an additional 265 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in KB Financial Group by 47.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,490 shares of the bank’s stock worth $103,000 after purchasing an additional 805 shares during the last quarter. Quantbot Technologies LP bought a new position in KB Financial Group during the 3rd quarter worth approximately $179,000. Finally, Shelton Capital Management bought a new position in KB Financial Group during the 3rd quarter worth approximately $201,000. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Performance

NYSE:KB opened at $55.70 on Friday. The company has a fifty day moving average of $52.19 and a 200-day moving average of $45.48. The firm has a market capitalization of $22.48 billion, a P/E ratio of 6.32, a P/E/G ratio of 0.40 and a beta of 1.01. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.36. KB Financial Group Inc. has a twelve month low of $35.20 and a twelve month high of $58.52.

KB Financial Group (NYSE:KB) last posted its quarterly earnings results on Wednesday, March 6th. The bank reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $3.54 billion during the quarter. As a group, sell-side analysts anticipate that KB Financial Group Inc. will post 9.32 EPS for the current year.

Analysts Set New Price Targets

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

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.