Quadrant Capital Group LLC Buys 23,704 Shares of KB Financial Group Inc $KB

Quadrant Capital Group LLC grew its stake in KB Financial Group Inc (NYSE:KB) by 77.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,346 shares of the bank’s stock after purchasing an additional 23,704 shares during the period. Quadrant Capital Group LLC’s holdings in KB Financial Group were worth $4,506,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. bought a new position in KB Financial Group in the 2nd quarter valued at approximately $25,000. Parkside Financial Bank & Trust boosted its position in KB Financial Group by 585.7% in the second quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock valued at $28,000 after buying an additional 287 shares in the last quarter. First Horizon Corp bought a new stake in shares of KB Financial Group during the third quarter worth $30,000. Jones Financial Companies Lllp increased its holdings in shares of KB Financial Group by 187.4% during the third quarter. Jones Financial Companies Lllp now owns 500 shares of the bank’s stock worth $40,000 after buying an additional 326 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of KB Financial Group by 397.9% during the third quarter. Smartleaf Asset Management LLC now owns 727 shares of the bank’s stock worth $60,000 after buying an additional 581 shares in the last quarter. 11.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KB shares. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a research note on Monday, December 29th. Zacks Research raised KB Financial Group from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

KB Financial Group Trading Down 0.1%

KB opened at $102.43 on Wednesday. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.64 and a quick ratio of 1.65. KB Financial Group Inc has a fifty-two week low of $46.38 and a fifty-two week high of $119.71. The company’s 50 day moving average price is $99.70 and its two-hundred day moving average price is $89.16. The firm has a market capitalization of $38.19 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 0.63 and a beta of 1.07.

KB Financial Group (NYSE:KB) last released its quarterly earnings results on Saturday, January 31st. The bank reported $1.43 earnings per share (EPS) for the quarter. KB Financial Group had a net margin of 16.15% and a return on equity of 9.73%. As a group, research analysts predict that KB Financial Group Inc will post 8.87 earnings per share for the current year.

KB Financial Group Profile

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.