Frank Rimerman Advisors LLC Raises Stock Position in KB Financial Group Inc $KB

Frank Rimerman Advisors LLC boosted its stake in shares of KB Financial Group Inc (NYSE:KB) by 46.7% in the first quarter, HoldingsChannel.com reports. The fund owned 17,448 shares of the bank’s stock after purchasing an additional 5,552 shares during the period. Frank Rimerman Advisors LLC’s holdings in KB Financial Group were worth $1,740,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. grew its position in shares of KB Financial Group by 131.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock valued at $35,000 after purchasing an additional 229 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of KB Financial Group during the 4th quarter worth about $39,000. Leonteq Securities AG purchased a new position in KB Financial Group in the 4th quarter valued at about $43,000. Triumph Capital Management purchased a new position in KB Financial Group in the 3rd quarter valued at about $46,000. Finally, Bell Investment Advisors Inc boosted its holdings in KB Financial Group by 29.3% in the 1st quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock worth $48,000 after buying an additional 108 shares during the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

KB Financial Group Price Performance

Shares of NYSE KB opened at $116.88 on Thursday. The firm has a 50-day simple moving average of $106.02 and a 200-day simple moving average of $102.15. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.47. The stock has a market capitalization of $41.46 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 0.71 and a beta of 1.01. KB Financial Group Inc has a 52 week low of $76.31 and a 52 week high of $119.71.

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

Wall Street Analysts Forecast Growth

KB has been the subject of several research reports. Wall Street Zen lowered KB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of KB Financial Group in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, KB Financial Group has a consensus rating of “Moderate Buy”.

About KB Financial Group

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.