Abacus Wealth Partners LLC Purchases Shares of 28,759 KB Financial Group Inc $KB

by · The Cerbat Gem

Abacus Wealth Partners LLC purchased a new stake in shares of KB Financial Group Inc (NYSE:KB – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 28,759 shares of the bank’s stock, valued at approximately $2,474,000.

Several other institutional investors have also recently made changes to their positions in KB. First Horizon Corp bought a new position in shares of KB Financial Group in the 3rd quarter worth approximately $30,000. Jones Financial Companies Lllp raised its position in shares of KB Financial Group by 187.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 500 shares of the bank’s stock worth $40,000 after acquiring an additional 326 shares in the last quarter. Triumph Capital Management bought a new position in shares of KB Financial Group in the 3rd quarter worth approximately $46,000. Smartleaf Asset Management LLC raised its position in shares of KB Financial Group by 397.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 727 shares of the bank’s stock worth $60,000 after acquiring an additional 581 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of KB Financial Group by 275.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 747 shares of the bank’s stock worth $62,000 after acquiring an additional 548 shares in the last quarter. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Down 1.5%

KB stock opened at $104.22 on Friday. KB Financial Group Inc has a twelve month low of $66.94 and a twelve month high of $119.71. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.48. The firm has a market cap of $38.86 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 0.64 and a beta of 1.06. The business has a 50 day moving average of $104.59 and a 200 day moving average of $96.67.

KB Financial Group (NYSE:KB – Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The bank reported $2.16 earnings per share for the quarter. KB Financial Group had a return on equity of 10.00% and a net margin of 17.36%.The company had revenue of $5.38 billion during the quarter. On average, research analysts forecast that KB Financial Group Inc will post 11.93 EPS for the current fiscal year.

Analyst Ratings Changes

KB has been the subject of several research reports. Zacks Research raised KB Financial Group from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Wall Street Zen lowered KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Get Our Latest Report on KB Financial Group

KB Financial Group Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding KB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Financial Group Inc (NYSE:KB – Free Report).