Marietta Investment Partners LLC Acquires New Position in KB Financial Group Inc $KB

Marietta Investment Partners LLC acquired a new stake in KB Financial Group Inc (NYSE:KB) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 20,314 shares of the bank’s stock, valued at approximately $2,026,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. boosted its stake in shares of KB Financial Group by 131.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock valued at $35,000 after buying an additional 229 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of KB Financial Group during the 4th quarter valued at $39,000. Leonteq Securities AG acquired a new position in shares of KB Financial Group in the fourth quarter worth $43,000. Triumph Capital Management acquired a new position in shares of KB Financial Group in the third quarter worth $46,000. Finally, Bell Investment Advisors Inc raised its holdings in shares of KB Financial Group by 29.3% during the first quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock worth $48,000 after acquiring an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Down 0.0%

Shares of KB stock opened at $109.34 on Monday. The stock’s 50 day simple moving average is $105.51 and its 200 day simple moving average is $101.50. KB Financial Group Inc has a twelve month low of $76.31 and a twelve month high of $119.71. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market capitalization of $38.78 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 0.67 and a beta of 1.01.

KB Financial Group (NYSE:KB) last announced its earnings results on Tuesday, March 31st. The bank reported $2.16 earnings per share (EPS) for the quarter. KB Financial Group had a return on equity of 9.99% and a net margin of 17.36%.The firm had revenue of $3.49 billion during the quarter. As a group, research analysts predict that KB Financial Group Inc will post 11.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KB shares. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday, June 24th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of KB Financial Group in a research report on Wednesday. Finally, Wall Street Zen downgraded KB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.