Sivia Capital Partners LLC Makes New Investment in KB Financial Group Inc. (NYSE:KB)

Sivia Capital Partners LLC bought a new position in KB Financial Group Inc. (NYSE:KB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,523 shares of the bank’s stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds have also modified their holdings of KB. Ramirez Asset Management Inc. bought a new stake in shares of KB Financial Group in the 3rd quarter worth $9,278,000. Envestnet Asset Management Inc. increased its holdings in shares of KB Financial Group by 80.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 156,399 shares of the bank’s stock worth $6,430,000 after purchasing an additional 69,608 shares in the last quarter. Todd Asset Management LLC increased its holdings in shares of KB Financial Group by 13.0% in the 4th quarter. Todd Asset Management LLC now owns 591,498 shares of the bank’s stock worth $24,470,000 after purchasing an additional 67,857 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of KB Financial Group in the 3rd quarter worth $2,770,000. Finally, Trinity Street Asset Management LLP increased its holdings in shares of KB Financial Group by 3.1% in the 4th quarter. Trinity Street Asset Management LLP now owns 2,151,024 shares of the bank’s stock worth $88,988,000 after purchasing an additional 65,402 shares in the last quarter. Institutional investors own 11.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th.

KB Financial Group Stock Performance

Shares of KB opened at $56.83 on Tuesday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.65 and a quick ratio of 1.65. KB Financial Group Inc. has a one year low of $35.20 and a one year high of $60.14. The firm has a market capitalization of $22.93 billion, a P/E ratio of 7.09, a PEG ratio of 0.42 and a beta of 1.01. The business has a fifty day moving average of $54.50 and a 200 day moving average of $48.82.

KB Financial Group (NYSE:KB) last released its earnings results on Thursday, May 16th. The bank reported $2.07 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.07. The company had revenue of $3.64 billion for the quarter. KB Financial Group had a return on equity of 6.97% and a net margin of 11.65%. As a group, sell-side analysts anticipate that KB Financial Group Inc. will post 9.41 EPS for the current year.

About KB Financial Group

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.