Ramirez Asset Management Inc. Increases Stake in KB Financial Group Inc. (NYSE:KB)

Ramirez Asset Management Inc. raised its holdings in shares of KB Financial Group Inc. (NYSE:KB) by 0.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 243,300 shares of the bank’s stock after acquiring an additional 1,609 shares during the period. KB Financial Group makes up 2.8% of Ramirez Asset Management Inc.’s holdings, making the stock its 2nd largest position. Ramirez Asset Management Inc. owned 0.06% of KB Financial Group worth $13,844,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in KB. Wilmington Savings Fund Society FSB acquired a new position in shares of KB Financial Group during the 3rd quarter worth about $35,000. Hudson Edge Investment Partners Inc. increased its position in shares of KB Financial Group by 5.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock valued at $198,000 after buying an additional 168 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in KB Financial Group during the fourth quarter worth about $222,000. Glenmede Trust Co. NA bought a new position in KB Financial Group during the third quarter worth about $236,000. Finally, Optas LLC acquired a new position in KB Financial Group in the fourth quarter valued at about $261,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

KB Financial Group Stock Down 1.4 %

KB Financial Group stock opened at $55.13 on Friday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. The company’s 50-day moving average is $57.56 and its 200-day moving average is $61.38. The firm has a market capitalization of $21.70 billion, a PE ratio of 6.43, a P/E/G ratio of 0.52 and a beta of 0.99. KB Financial Group Inc. has a fifty-two week low of $45.59 and a fifty-two week high of $72.89.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Wednesday, March 5th. The bank reported $1.21 earnings per share (EPS) for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The company had revenue of $2.94 billion during the quarter. Sell-side analysts anticipate that KB Financial Group Inc. will post 8.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KB. Morgan Stanley upgraded shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th. StockNews.com lowered KB Financial Group from a “buy” rating to a “hold” rating in a report on Friday, March 21st.

KB Financial Group 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.