EverSource Wealth Advisors LLC Boosts Stake in KB Financial Group Inc. (NYSE:KB)

EverSource Wealth Advisors LLC boosted its stake in shares of KB Financial Group Inc. (NYSE:KB) by 17.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,794 shares of the bank’s stock after purchasing an additional 870 shares during the period. EverSource Wealth Advisors LLC’s holdings in KB Financial Group were worth $240,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of KB. Trinity Street Asset Management LLP grew its position in shares of KB Financial Group by 3.1% during the fourth quarter. Trinity Street Asset Management LLP now owns 2,151,024 shares of the bank’s stock worth $88,988,000 after purchasing an additional 65,402 shares in the last quarter. Todd Asset Management LLC boosted its holdings in shares of KB Financial Group by 13.0% during the 4th quarter. Todd Asset Management LLC now owns 591,498 shares of the bank’s stock valued at $24,470,000 after purchasing an additional 67,857 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of KB Financial Group by 8.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 403,021 shares of the bank’s stock valued at $16,568,000 after purchasing an additional 31,281 shares during the last quarter. American Century Companies Inc. grew its position in shares of KB Financial Group by 9.5% during the third quarter. American Century Companies Inc. now owns 391,861 shares of the bank’s stock valued at $16,109,000 after purchasing an additional 33,884 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in KB Financial Group by 27.0% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 272,730 shares of the bank’s stock valued at $11,212,000 after buying an additional 58,000 shares during the last quarter. Institutional investors own 11.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th.

KB Financial Group Trading Up 1.2 %

Shares of NYSE KB traded up $0.66 during trading hours on Friday, hitting $56.80. 71,602 shares of the company traded hands, compared to its average volume of 179,135. The stock has a market capitalization of $22.92 billion, a price-to-earnings ratio of 7.10, a price-to-earnings-growth ratio of 0.41 and a beta of 1.01. The company’s 50 day moving average price is $53.24 and its 200 day moving average price is $46.91. KB Financial Group Inc. has a 12 month low of $35.20 and a 12 month high of $60.14. The company has a current ratio of 1.65, a quick ratio of 1.67 and a debt-to-equity ratio of 2.25.

KB Financial Group (NYSE:KB) last announced its earnings results on Wednesday, March 6th. The bank reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.21). The firm had revenue of $3.54 billion during the quarter. KB Financial Group had a net margin of 11.65% and a return on equity of 6.97%. On average, equities research analysts anticipate that KB Financial Group Inc. will post 9.41 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.