CWA Asset Management Group LLC Invests $1.79 Million in KB Financial Group Inc. (NYSE:KB)

CWA Asset Management Group LLC bought a new stake in shares of KB Financial Group Inc. (NYSE:KB) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,917 shares of the bank’s stock, valued at approximately $1,786,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. grew its position in shares of KB Financial Group by 7.1% during the 2nd quarter. American Century Companies Inc. now owns 511,542 shares of the bank’s stock valued at $28,958,000 after acquiring an additional 33,900 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in KB Financial Group by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 370,030 shares of the bank’s stock valued at $19,267,000 after purchasing an additional 64,000 shares during the period. Acadian Asset Management LLC grew its holdings in KB Financial Group by 3.9% during the second quarter. Acadian Asset Management LLC now owns 267,625 shares of the bank’s stock valued at $15,146,000 after purchasing an additional 10,014 shares during the period. Capital International Investors increased its position in 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 buying an additional 19,260 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of KB Financial Group by 4.9% in the second quarter. Envestnet Asset Management Inc. now owns 165,691 shares of the bank’s stock worth $9,380,000 after buying an additional 7,809 shares during the period. 11.52% of the stock is owned by hedge funds and other institutional investors.

KB Financial Group Stock Performance

KB opened at $66.05 on Friday. The company has a 50 day simple moving average of $64.61 and a two-hundred day simple moving average of $61.08. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.67 and a quick ratio of 1.67. The firm has a market cap of $25.99 billion, a P/E ratio of 8.00, a PEG ratio of 0.59 and a beta of 0.97. KB Financial Group Inc. has a 1-year low of $36.57 and a 1-year high of $72.89.

KB Financial Group (NYSE:KB) last issued its earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $3.18 billion during the quarter. Equities analysts forecast that KB Financial Group Inc. will post 9.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th.

KB Financial Group Profile

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.