SG Trading Solutions LLC Makes New Investment in KB Financial Group Inc $KB

SG Trading Solutions LLC purchased a new position in KB Financial Group Inc (NYSE:KB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,540 shares of the bank’s stock, valued at approximately $563,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Seeds Investor LLC lifted its stake in KB Financial Group by 1.8% in the fourth quarter. Seeds Investor LLC now owns 6,606 shares of the bank’s stock worth $568,000 after acquiring an additional 114 shares during the period. HighTower Advisors LLC boosted its stake in shares of KB Financial Group by 2.1% during the fourth quarter. HighTower Advisors LLC now owns 5,821 shares of the bank’s stock valued at $501,000 after purchasing an additional 118 shares in the last quarter. Drive Wealth Management LLC boosted its stake in shares of KB Financial Group by 3.5% during the fourth quarter. Drive Wealth Management LLC now owns 3,515 shares of the bank’s stock valued at $302,000 after purchasing an additional 120 shares in the last quarter. Allworth Financial LP increased its holdings in KB Financial Group by 9.8% during the fourth quarter. Allworth Financial LP now owns 1,519 shares of the bank’s stock valued at $131,000 after buying an additional 135 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC raised its stake in KB Financial Group by 0.3% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 56,094 shares of the bank’s stock worth $4,651,000 after buying an additional 149 shares in the last quarter. 11.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wall Street Zen cut KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. 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 given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

KB Financial Group Price Performance

Shares of NYSE KB opened at $106.69 on Friday. KB Financial Group Inc has a 12 month low of $76.31 and a 12 month high of $119.71. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.64 and a quick ratio of 1.64. The firm’s 50 day simple moving average is $106.58 and its 200-day simple moving average is $100.23. The stock has a market capitalization of $39.78 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 0.65 and a beta of 1.01.

KB Financial Group (NYSE:KB) last issued its quarterly earnings data on Tuesday, March 31st. The bank reported $2.16 earnings per share for the quarter. KB Financial Group had a net margin of 17.36% and a return on equity of 9.99%. The business had revenue of $3.49 billion during the quarter. Analysts expect that KB Financial Group Inc will post 11.93 EPS for the current year.

KB Financial Group Company 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.