KB Financial Group Inc. (NYSE:KB) Shares Bought by Adero Partners LLC

Adero Partners LLC grew its holdings in shares of KB Financial Group Inc. (NYSE:KB) by 6.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,097 shares of the bank’s stock after purchasing an additional 295 shares during the period. Adero Partners LLC’s holdings in KB Financial Group were worth $315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of KB Financial Group in the 1st quarter worth approximately $211,000. Sei Investments Co. grew its holdings in shares of KB Financial Group by 5.4% in the 1st quarter. Sei Investments Co. now owns 70,846 shares of the bank’s stock worth $3,689,000 after acquiring an additional 3,656 shares during the period. US Bancorp DE lifted its stake in KB Financial Group by 14.2% in the 1st quarter. US Bancorp DE now owns 24,325 shares of the bank’s stock valued at $1,267,000 after buying an additional 3,022 shares in the last quarter. Acadian Asset Management LLC lifted its stake in KB Financial Group by 32.0% in the 1st quarter. Acadian Asset Management LLC now owns 257,611 shares of the bank’s stock valued at $13,409,000 after buying an additional 62,455 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in KB Financial Group by 8.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 130,659 shares of the bank’s stock valued at $6,803,000 after buying an additional 10,600 shares in the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th.

KB Financial Group Price Performance

KB stock opened at $64.14 on Friday. KB Financial Group Inc. has a 1 year low of $36.57 and a 1 year high of $72.89. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.67 and a current ratio of 1.67. The stock’s 50 day moving average price is $64.76 and its 200 day moving average price is $61.45. The firm has a market cap of $25.24 billion, a P/E ratio of 7.48, a PEG ratio of 0.56 and a beta of 0.97.

KB Financial Group (NYSE:KB) last issued its quarterly earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.36. KB Financial Group had a return on equity of 7.58% and a net margin of 12.33%. The company had revenue of $3.18 billion for the quarter. On average, sell-side analysts expect that KB Financial Group Inc. will post 9.29 earnings per share for the current fiscal year.

KB Financial Group Profile

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.