Lazard Asset Management LLC Has $145.36 Million Stake in KB Financial Group Inc $KB

Lazard Asset Management LLC raised its stake in KB Financial Group Inc (NYSE:KB) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,457,537 shares of the bank’s stock after acquiring an additional 39,764 shares during the period. Lazard Asset Management LLC’s holdings in KB Financial Group were worth $145,360,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KB. Brown Brothers Harriman & Co. lifted its holdings in KB Financial Group by 131.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock valued at $35,000 after purchasing an additional 229 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of KB Financial Group during the fourth quarter worth approximately $39,000. Leonteq Securities AG bought a new position in shares of KB Financial Group in the fourth quarter valued at approximately $43,000. Triumph Capital Management acquired a new position in shares of KB Financial Group in the 3rd quarter worth approximately $46,000. Finally, Bell Investment Advisors Inc boosted its holdings in shares of KB Financial Group by 29.3% in the 1st quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock worth $48,000 after acquiring an additional 108 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, June 24th. Wall Street Zen lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of KB Financial Group in a research report on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, KB Financial Group currently has a consensus rating of “Moderate Buy”.

Key Stories Impacting KB Financial Group

Here are the key news stories impacting KB Financial Group this week:

• Positive Sentiment: KB Financial Group reported record second-quarter net profit of 2.01 trillion won, up 15% year over year, as higher interest income boosted earnings and strengthened the bank’s first-half performance. KB Financial Group Q2 net profit up 15 pct to 2.01 tln won
• Positive Sentiment: The company also posted record first-half net profit of 3.88 trillion won and operating profit of 2.71 trillion won for the quarter, underscoring broad earnings momentum. KB Financial Group posts record first-half net profit of W3.88tr
• Positive Sentiment: KB Financial Group’s board approved a quarterly cash dividend of KRW 1,155 per share and set an August 7 record date, a shareholder-friendly move that may attract yield-focused investors. KB Financial Group Declares KRW 1,155 Quarterly Dividend per Share
• Positive Sentiment: Broader industry coverage noted that Korea’s five financial groups are benefiting from a market rally and stronger interest income, which supports the sector-wide earnings outlook for KB Financial Group. Market rally lifts Korea’s five financial groups to W13tr profit
• Neutral Sentiment: KB Financial Group also announced a promotional “Byeolbang Sleep Concert” event, which is brand-building news but unlikely to materially affect earnings. KB Financial Group to host ‘Byeolbang Sleep Concert’ with Soran, RESCENE and Yoon Machi

KB Financial Group Stock Up 0.2%

Shares of NYSE KB opened at $117.62 on Monday. KB Financial Group Inc has a 1 year low of $76.31 and a 1 year high of $125.62. The firm’s 50-day moving average is $108.88 and its 200-day moving average is $104.96. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.47. The firm has a market capitalization of $41.72 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 0.73 and a beta of 1.01.

KB Financial Group (NYSE:KB) last issued its earnings results on Tuesday, March 31st. The bank reported $2.16 EPS for the quarter. The company had revenue of $3.49 billion during the quarter. KB Financial Group had a net margin of 17.36% and a return on equity of 9.99%. Equities analysts expect that KB Financial Group Inc will post 12.41 EPS for the current year.

About KB Financial Group

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.