Sequoia Financial Advisors LLC Grows Stock Holdings in KB Financial Group Inc $KB

Sequoia Financial Advisors LLC raised its holdings in shares of KB Financial Group Inc (NYSE:KB) by 32.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 24,973 shares of the bank’s stock after buying an additional 6,064 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in KB Financial Group were worth $2,491,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Stanley increased its holdings in shares of KB Financial Group by 4.0% in the 4th quarter. Morgan Stanley now owns 1,080,052 shares of the bank’s stock worth $92,928,000 after buying an additional 41,587 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of KB Financial Group by 4.3% in the 3rd quarter. Bank of America Corp DE now owns 882,277 shares of the bank’s stock valued at $73,150,000 after acquiring an additional 36,710 shares during the last quarter. Capital International Investors grew its position in KB Financial Group by 0.6% in the fourth quarter. Capital International Investors now owns 761,913 shares of the bank’s stock worth $65,637,000 after acquiring an additional 4,745 shares in the last quarter. M&T Bank Corp purchased a new position in KB Financial Group in the fourth quarter worth about $36,964,000. Finally, Orbis Allan Gray Ltd increased its stake in KB Financial Group by 4.0% during the fourth quarter. Orbis Allan Gray Ltd now owns 378,785 shares of the bank’s stock worth $32,591,000 after acquiring an additional 14,637 shares during the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

KB Financial Group Price Performance

KB Financial Group stock opened at $120.62 on Wednesday. KB Financial Group Inc has a 12-month low of $76.31 and a 12-month high of $125.62. 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 50-day moving average price of $106.99 and a 200-day moving average price of $103.13. The firm has a market capitalization of $42.78 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 0.82 and a beta of 1.01.

KB Financial Group (NYSE:KB) last issued its quarterly earnings results on Tuesday, March 31st. The bank reported $2.16 EPS for the quarter. KB Financial Group had a net margin of 17.36% and a return on equity of 9.99%. The company had revenue of $3.49 billion for the quarter. As a group, equities research analysts forecast that KB Financial Group Inc will post 12.02 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.