NewEdge Advisors LLC Acquires 2,650 Shares of KB Financial Group Inc. (NYSE:KB)

NewEdge Advisors LLC grew its holdings in shares of KB Financial Group Inc. (NYSE:KB) by 26.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,787 shares of the bank’s stock after purchasing an additional 2,650 shares during the period. NewEdge Advisors LLC’s holdings in KB Financial Group were worth $728,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in KB Financial Group during the third quarter worth about $35,000. Hudson Edge Investment Partners Inc. lifted its holdings in shares of KB Financial Group by 5.1% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock worth $198,000 after acquiring an additional 168 shares during the period. Commonwealth Equity Services LLC acquired a new stake in shares of KB Financial Group during the 4th quarter worth approximately $222,000. Optas LLC bought a new position in KB Financial Group in the fourth quarter valued at approximately $261,000. Finally, Banque Pictet & Cie SA acquired a new position in KB Financial Group during the fourth quarter valued at approximately $283,000. 11.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, April 18th.

KB Financial Group Stock Up 2.4 %

Shares of NYSE KB opened at $60.66 on Friday. The company has a market cap of $23.87 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 0.52 and a beta of 0.92. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. KB Financial Group Inc. has a 12 month low of $46.38 and a 12 month high of $72.89. The stock has a 50-day moving average price of $54.79 and a two-hundred day moving average price of $60.12.

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 net margin of 12.33% and a return on equity of 7.71%. The business had revenue of $2.94 billion during the quarter. As a group, analysts forecast that KB Financial Group Inc. will post 8.87 earnings per share for the current fiscal year.

About KB Financial Group

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.