EverSource Wealth Advisors LLC Acquires 510 Shares of KB Financial Group Inc. (NYSE:KB)

EverSource Wealth Advisors LLC boosted its holdings in shares of KB Financial Group Inc. (NYSE:KB) by 8.8% during the 1st quarter, Holdings Channel reports. The firm owned 6,304 shares of the bank’s stock after buying an additional 510 shares during the period. EverSource Wealth Advisors LLC’s holdings in KB Financial Group were worth $340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KB. Raymond James Financial Services Advisors Inc. increased its stake in KB Financial Group by 6.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,093 shares of the bank’s stock worth $252,000 after acquiring an additional 394 shares during the last quarter. Fifth Third Bancorp increased its stake in KB Financial Group by 14.8% in the 4th quarter. Fifth Third Bancorp now owns 17,439 shares of the bank’s stock worth $721,000 after acquiring an additional 2,244 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of KB Financial Group by 9.8% in the 4th quarter. Ballentine Partners LLC now owns 16,389 shares of the bank’s stock worth $678,000 after purchasing an additional 1,464 shares during the period. Trinity Street Asset Management LLP boosted its holdings in shares of KB Financial Group by 3.1% in the 4th 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 during the period. Finally, Bleakley Financial Group LLC boosted its holdings in shares of KB Financial Group by 15.1% in the 4th quarter. Bleakley Financial Group LLC now owns 11,094 shares of the bank’s stock worth $459,000 after purchasing an additional 1,453 shares during the period. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Trading Down 5.1 %

Shares of KB Financial Group stock traded down $3.26 on Friday, reaching $60.22. The company had a trading volume of 206,808 shares, compared to its average volume of 308,301. The firm has a market cap of $24.30 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 0.44 and a beta of 1.00. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.65 and a quick ratio of 1.65. The firm’s 50-day moving average price is $59.11 and its two-hundred day moving average price is $53.49. KB Financial Group Inc. has a 1 year low of $36.57 and a 1 year high of $65.77.

KB Financial Group (NYSE:KB) last announced its earnings results on Thursday, May 16th. The bank reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.07. The firm had revenue of $3.64 billion during the quarter. KB Financial Group had a return on equity of 6.97% and a net margin of 11.65%. As a group, research analysts predict that KB Financial Group Inc. will post 9.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut KB Financial Group from a “buy” rating to a “hold” rating in a report on Thursday.

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.