128,322 Shares in KB Financial Group Inc. (NYSE:KB) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of KB Financial Group Inc. (NYSE:KB) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 128,322 shares of the bank’s stock, valued at approximately $7,301,000.

Several other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. acquired a new position in KB Financial Group in the 4th quarter valued at about $698,000. Henry James International Management Inc. grew its position in KB Financial Group by 0.5% in the 4th quarter. Henry James International Management Inc. now owns 63,039 shares of the bank’s stock valued at $3,587,000 after acquiring an additional 293 shares in the last quarter. SVB Wealth LLC acquired a new position in KB Financial Group in the 4th quarter valued at about $312,000. QRG Capital Management Inc. grew its position in KB Financial Group by 2.4% in the 4th quarter. QRG Capital Management Inc. now owns 12,269 shares of the bank’s stock valued at $698,000 after acquiring an additional 284 shares in the last quarter. Finally, NewEdge Wealth LLC grew its position in KB Financial Group by 3.2% in the 4th quarter. NewEdge Wealth LLC now owns 58,351 shares of the bank’s stock valued at $3,320,000 after acquiring an additional 1,806 shares in the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Stock Performance

Shares of KB opened at $55.59 on Monday. The stock has a 50-day simple moving average of $58.02 and a 200-day simple moving average of $61.55. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market capitalization of $21.88 billion, a PE ratio of 6.48, a PEG ratio of 0.52 and a beta of 0.99. KB Financial Group Inc. has a 1 year low of $45.59 and a 1 year high of $72.89.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Wednesday, March 5th. The bank reported $1.21 earnings per share (EPS) for the quarter. The business had revenue of $2.94 billion during the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. On average, analysts predict that KB Financial Group Inc. will post 8.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on KB shares. StockNews.com downgraded KB Financial Group from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley raised KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th.

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.