Sanctuary Advisors LLC Invests $501,000 in KB Financial Group Inc. (NYSE:KB)

Sanctuary Advisors LLC acquired a new position in shares of KB Financial Group Inc. (NYSE:KB) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,158 shares of the bank’s stock, valued at approximately $501,000.

A number of other institutional investors have also recently bought and sold shares of the company. Hilltop National Bank acquired a new position in shares of KB Financial Group during the 2nd quarter worth $34,000. GAMMA Investing LLC increased its position in KB Financial Group by 98.0% during the first quarter. GAMMA Investing LLC now owns 689 shares of the bank’s stock worth $36,000 after buying an additional 341 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in KB Financial Group by 66.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank’s stock valued at $44,000 after buying an additional 310 shares in the last quarter. Systematic Alpha Investments LLC acquired a new stake in shares of KB Financial Group in the second quarter worth about $204,000. Finally, Aaron Wealth Advisors LLC bought a new stake in shares of KB Financial Group during the 2nd quarter worth about $222,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded KB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday.

KB Financial Group Price Performance

Shares of KB Financial Group stock opened at $68.15 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.33. The firm has a fifty day simple moving average of $63.19 and a 200-day simple moving average of $58.81. The stock has a market capitalization of $27.50 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 0.45 and a beta of 0.98. KB Financial Group Inc. has a 1-year low of $36.57 and a 1-year high of $70.70.

KB Financial Group (NYSE:KB) last released its 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. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. The firm had revenue of $3.18 billion during the quarter. On average, sell-side analysts expect that KB Financial Group Inc. will post 9.4 earnings per share 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.