Sequoia Financial Advisors LLC Purchases 1,806 Shares of KB Financial Group Inc $KB

by · The Cerbat Gem

Sequoia Financial Advisors LLC raised its stake in shares of KB Financial Group Inc (NYSE:KB – Free Report) by 12.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,984 shares of the bank’s stock after acquiring an additional 1,806 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in KB Financial Group were worth $1,320,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KB. GAMMA Investing LLC boosted its stake in shares of KB Financial Group by 105.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,836 shares of the bank’s stock valued at $152,000 after purchasing an additional 943 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of KB Financial Group by 215.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,134 shares of the bank’s stock valued at $176,000 after purchasing an additional 1,457 shares in the last quarter. Cresset Asset Management LLC acquired a new stake in shares of KB Financial Group in the 1st quarter valued at $207,000. Vontobel Holding Ltd. acquired a new stake in shares of KB Financial Group in the 2nd quarter valued at $211,000. Finally, Perigon Wealth Management LLC acquired a new stake in shares of KB Financial Group in the 1st quarter valued at $214,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analyst Ratings Changes

KB has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, October 8th. Wall Street Zen lowered KB Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Read Our Latest Research Report on KB Financial Group

KB Financial Group Price Performance

Shares of KB stock opened at $80.17 on Friday. The stock has a 50-day moving average price of $81.18 and a 200 day moving average price of $75.08. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.36. The firm has a market cap of $30.58 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 0.62 and a beta of 1.10. KB Financial Group Inc has a 12 month low of $46.38 and a 12 month high of $92.39.

KB Financial Group (NYSE:KB – Get Free Report) last posted its earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.01. The company had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.20 billion. KB Financial Group had a return on equity of 9.79% and a net margin of 16.16%. Research analysts expect that KB Financial Group Inc will post 8.87 EPS for the current year.

KB Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were given a dividend of $0.657 per share. This represents a $2.63 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, August 8th. KB Financial Group’s payout ratio is presently 20.37%.

About KB Financial Group

(Free Report)

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.

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