Bank of New York Mellon Corp Grows Stake in KB Financial Group Inc. (NYSE:KB)

Bank of New York Mellon Corp lifted its stake in KB Financial Group Inc. (NYSE:KB) by 5.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,106 shares of the bank’s stock after acquiring an additional 694 shares during the quarter. Bank of New York Mellon Corp’s holdings in KB Financial Group were worth $746,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of KB Financial Group during the third quarter worth about $35,000. Hudson Edge Investment Partners Inc. increased its holdings in KB Financial Group by 5.1% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock worth $198,000 after purchasing an additional 168 shares during the last quarter. Glenmede Trust Co. NA purchased a new stake in KB Financial Group during the 3rd quarter worth approximately $236,000. Optas LLC purchased a new position in shares of KB Financial Group during the 4th quarter valued at approximately $261,000. Finally, Banque Pictet & Cie SA purchased a new position in shares of KB Financial Group during the 4th quarter valued at approximately $283,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

KB Financial Group Price Performance

Shares of KB opened at $55.94 on Thursday. KB Financial Group Inc. has a 52 week low of $45.59 and a 52 week high of $72.89. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. The firm has a market cap of $22.01 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 0.52 and a beta of 0.99. The stock has a 50 day moving average of $57.69 and a 200-day moving average of $61.42.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Wednesday, March 5th. The bank reported $1.21 EPS for the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The firm had revenue of $2.94 billion during the quarter. As a group, analysts forecast that KB Financial Group Inc. will post 8.87 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Morgan Stanley raised shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th. StockNews.com downgraded KB Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, March 21st.

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.