Envestnet Asset Management Inc. Purchases 7,809 Shares of KB Financial Group Inc. (NYSE:KB)

Envestnet Asset Management Inc. boosted its position in KB Financial Group Inc. (NYSE:KB) by 4.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,691 shares of the bank’s stock after purchasing an additional 7,809 shares during the quarter. Envestnet Asset Management Inc.’s holdings in KB Financial Group were worth $9,380,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky boosted its stake in shares of KB Financial Group by 12.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 306,030 shares of the bank’s stock valued at $12,660,000 after buying an additional 33,300 shares during the period. Boston Partners lifted its position in shares of KB Financial Group by 195.1% during the 1st quarter. Boston Partners now owns 100,447 shares of the bank’s stock valued at $5,233,000 after acquiring an additional 66,413 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of KB Financial Group during the 1st quarter worth $729,000. Capital International Investors increased its position in shares of KB Financial Group by 8.2% in the first quarter. Capital International Investors now owns 254,968 shares of the bank’s stock worth $13,276,000 after purchasing an additional 19,260 shares during the period. Finally, Acadian Asset Management LLC raised its stake in KB Financial Group by 32.0% in the first quarter. Acadian Asset Management LLC now owns 257,611 shares of the bank’s stock valued at $13,409,000 after purchasing an additional 62,455 shares in the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Stock Up 0.5 %

Shares of KB opened at $63.42 on Friday. The firm has a 50 day simple moving average of $62.53 and a two-hundred day simple moving average of $57.89. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.67 and a quick ratio of 1.67. KB Financial Group Inc. has a one year low of $36.57 and a one year high of $67.40. The company has a market cap of $25.59 billion, a P/E ratio of 7.95, a P/E/G ratio of 0.44 and a beta of 0.99.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.36. The business had revenue of $3.18 billion for the quarter. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. Research analysts forecast that KB Financial Group Inc. will post 9.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.