Public Employees Retirement System of Ohio Invests $4.12 Million in KB Financial Group Inc $KB

Public Employees Retirement System of Ohio bought a new position in shares of KB Financial Group Inc (NYSE:KB) in the 2nd quarter, Holdings Channel reports. The fund bought 39,210 shares of the bank’s stock, valued at approximately $4,115,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Calamos Advisors LLC bought a new stake in shares of KB Financial Group during the first quarter worth approximately $3,842,000. First Trust Advisors LP increased its stake in shares of KB Financial Group by 72.7% during the first quarter. First Trust Advisors LP now owns 20,297 shares of the bank’s stock worth $2,024,000 after purchasing an additional 8,546 shares during the period. Cetera Investment Advisers increased its stake in shares of KB Financial Group by 127.8% during the first quarter. Cetera Investment Advisers now owns 23,461 shares of the bank’s stock worth $2,340,000 after purchasing an additional 13,164 shares during the period. Lazard Asset Management LLC lifted its holdings in KB Financial Group by 2.8% during the 1st quarter. Lazard Asset Management LLC now owns 1,457,537 shares of the bank’s stock worth $145,360,000 after purchasing an additional 39,764 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in KB Financial Group by 20.3% during the 1st quarter. Bank of America Corp DE now owns 1,068,416 shares of the bank’s stock worth $106,553,000 after purchasing an additional 180,590 shares during the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on KB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a report on Wednesday, June 24th. Zacks Research raised KB Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of KB Financial Group in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, KB Financial Group currently has a consensus rating of “Buy”.

KB Financial Group Stock Up 4.9%

NYSE KB opened at $132.38 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.53. The company has a market cap of $46.95 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 0.76 and a beta of 1.02. The company has a 50 day moving average of $117.88 and a 200-day moving average of $110.04. KB Financial Group Inc has a 1-year low of $76.31 and a 1-year high of $133.08.

KB Financial Group (NYSE:KB) last issued its quarterly earnings results on Friday, August 14th. The bank reported $3.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.16. KB Financial Group had a return on equity of 10.11% and a net margin of 17.67%.The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.45 billion. On average, equities research analysts expect that KB Financial Group Inc will post 12.91 earnings per share for the current fiscal year.

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.