Vanguard Personalized Indexing Management LLC Raises Position in KB Financial Group Inc. (NYSE:KB)

Vanguard Personalized Indexing Management LLC lifted its position in shares of KB Financial Group Inc. (NYSE:KB) by 5.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,105 shares of the bank’s stock after acquiring an additional 2,075 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in KB Financial Group were worth $2,440,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KB. Hilltop National Bank acquired a new stake in KB Financial Group in the second quarter valued at $34,000. GAMMA Investing LLC increased its holdings in KB Financial Group by 98.0% in the first quarter. GAMMA Investing LLC now owns 689 shares of the bank’s stock valued at $36,000 after buying an additional 341 shares in the last quarter. Tucker Asset Management LLC acquired a new stake in shares of KB Financial Group during the 4th quarter valued at approximately $68,000. Barometer Capital Management Inc. purchased a new stake in shares of KB Financial Group during the 4th quarter worth approximately $120,000. Finally, Systematic Alpha Investments LLC purchased a new stake in KB Financial Group during the second quarter worth $204,000. 11.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 27th.

KB Financial Group Stock Performance

Shares of KB opened at $62.80 on Friday. The company has a 50-day moving average of $62.43 and a two-hundred day moving average of $57.64. The stock has a market cap of $25.34 billion, a P/E ratio of 7.84, a PEG ratio of 0.41 and a beta of 0.99. KB Financial Group Inc. has a 12-month low of $36.57 and a 12-month high of $67.40. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.33.

KB Financial Group (NYSE:KB) last released 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. The company had revenue of $3.18 billion during the quarter. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. As a group, research analysts predict that KB Financial Group Inc. will post 9.4 EPS for the current fiscal 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.