QRG Capital Management Inc. Buys 1,517 Shares of KB Financial Group Inc. (NYSE:KB)

QRG Capital Management Inc. raised its holdings in shares of KB Financial Group Inc. (NYSE:KB) by 14.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,985 shares of the bank’s stock after acquiring an additional 1,517 shares during the period. QRG Capital Management Inc.’s holdings in KB Financial Group were worth $740,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. US Bancorp DE raised its position in shares of KB Financial Group by 11.8% during the 3rd quarter. US Bancorp DE now owns 23,092 shares of the bank’s stock valued at $1,426,000 after acquiring an additional 2,437 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of KB Financial Group by 412.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 23,163 shares of the bank’s stock valued at $1,430,000 after acquiring an additional 18,645 shares during the last quarter. Ballentine Partners LLC raised its position in shares of KB Financial Group by 1.4% during the 3rd quarter. Ballentine Partners LLC now owns 22,627 shares of the bank’s stock valued at $1,397,000 after acquiring an additional 305 shares during the last quarter. BOCHK Asset Management Ltd bought a new stake in shares of KB Financial Group during the 3rd quarter valued at $25,000. Finally, Blue Trust Inc. raised its position in shares of KB Financial Group by 252.2% during the 3rd quarter. Blue Trust Inc. now owns 28,243 shares of the bank’s stock valued at $1,599,000 after acquiring an additional 20,225 shares during the last quarter. Institutional investors own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th.

KB Financial Group Price Performance

KB opened at $66.05 on Friday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.33. KB Financial Group Inc. has a 12 month low of $36.57 and a 12 month high of $72.89. The company has a fifty day simple moving average of $64.61 and a 200 day simple moving average of $61.08. The stock has a market cap of $25.99 billion, a P/E ratio of 8.00, a P/E/G ratio of 0.59 and a beta of 0.97.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Wednesday, August 14th. The bank reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.36. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. The business had revenue of $3.18 billion during the quarter. On average, research analysts expect that KB Financial Group Inc. will post 9.29 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.