D Orazio & Associates Inc. Takes $220,000 Position in KB Financial Group Inc $KB

D Orazio & Associates Inc. purchased a new stake in KB Financial Group Inc (NYSE:KB) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 2,662 shares of the bank’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new position in KB Financial Group during the 2nd quarter valued at about $25,000. Parkside Financial Bank & Trust grew its position in shares of KB Financial Group by 585.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock worth $28,000 after buying an additional 287 shares during the period. Hantz Financial Services Inc. raised its stake in shares of KB Financial Group by 817.9% during the second quarter. Hantz Financial Services Inc. now owns 771 shares of the bank’s stock worth $64,000 after buying an additional 687 shares during the last quarter. GAMMA Investing LLC lifted its holdings in KB Financial Group by 105.6% in the second quarter. GAMMA Investing LLC now owns 1,836 shares of the bank’s stock valued at $152,000 after buying an additional 943 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in KB Financial Group by 215.2% in the second quarter. Farther Finance Advisors LLC now owns 2,134 shares of the bank’s stock valued at $176,000 after buying an additional 1,457 shares during the period. 11.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KB has been the subject of a number of analyst reports. Wall Street Zen lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

KB Financial Group Stock Down 1.8%

Shares of NYSE KB opened at $89.52 on Friday. KB Financial Group Inc has a 52-week low of $46.38 and a 52-week high of $92.39. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market cap of $34.15 billion, a P/E ratio of 8.60, a P/E/G ratio of 0.65 and a beta of 1.14. The firm has a 50 day moving average price of $82.80 and a 200 day moving average price of $79.33.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.01. KB Financial Group had a net margin of 16.16% and a return on equity of 9.79%. The company had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Analysts expect that KB Financial Group Inc will post 8.87 EPS for the current 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.