Bruce G. Allen Investments LLC Acquires 543 Shares of KB Financial Group Inc. (NYSE:KB)

Bruce G. Allen Investments LLC increased its stake in shares of KB Financial Group Inc. (NYSE:KB) by 141.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 926 shares of the bank’s stock after buying an additional 543 shares during the period. Bruce G. Allen Investments LLC’s holdings in KB Financial Group were worth $50,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KB. Tower Research Capital LLC TRC lifted its position in shares of KB Financial Group by 659.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank’s stock worth $137,000 after purchasing an additional 2,097 shares in the last quarter. Hudson Edge Investment Partners Inc. lifted 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 buying an additional 168 shares in the last quarter. Cetera Investment Advisers boosted its position in KB Financial Group by 7.4% in the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank’s stock valued at $214,000 after buying an additional 258 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in KB Financial Group in the 4th quarter valued at $222,000. Finally, Triumph Capital Management acquired a new stake in shares of KB Financial Group in the 4th quarter valued at $228,000. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Down 0.1%

Shares of NYSE KB opened at $77.99 on Monday. KB Financial Group Inc. has a 1 year low of $46.38 and a 1 year high of $81.33. The firm’s 50-day moving average is $63.23 and its 200-day moving average is $60.53. 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 capitalization of $30.69 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 0.52 and a beta of 1.05.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $3.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.02). KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $4.45 billion. Equities analysts expect that KB Financial Group Inc. will post 8.87 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised KB Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 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.