JPMorgan Chase & Co. Buys 19,608 Shares of KB Financial Group Inc $KB

JPMorgan Chase & Co. grew its stake in shares of KB Financial Group Inc (NYSE:KB) by 45.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 62,786 shares of the bank’s stock after acquiring an additional 19,608 shares during the quarter. JPMorgan Chase & Co.’s holdings in KB Financial Group were worth $5,206,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. First Horizon Corp bought a new stake in shares of KB Financial Group in the 3rd quarter valued at about $30,000. Jones Financial Companies Lllp raised its position in shares of KB Financial Group by 187.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 500 shares of the bank’s stock valued at $40,000 after acquiring an additional 326 shares during the period. Triumph Capital Management bought a new position in KB Financial Group during the 3rd quarter worth approximately $46,000. Smartleaf Asset Management LLC grew its holdings in KB Financial Group by 397.9% during the third quarter. Smartleaf Asset Management LLC now owns 727 shares of the bank’s stock valued at $60,000 after purchasing an additional 581 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in KB Financial Group by 275.4% during the third quarter. CIBC Private Wealth Group LLC now owns 747 shares of the bank’s stock valued at $62,000 after purchasing an additional 548 shares during the period. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KB has been the topic of several analyst reports. Zacks Research upgraded shares of KB Financial Group from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research report on Friday, March 27th. Finally, Wall Street Zen raised KB Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

KB Financial Group Price Performance

NYSE KB opened at $100.77 on Thursday. The business has a 50 day simple moving average of $103.85 and a 200 day simple moving average of $91.46. KB Financial Group Inc has a 52-week low of $46.38 and a 52-week high of $119.71. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.65 and a current ratio of 1.64. The stock has a market cap of $37.57 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 0.61 and a beta of 1.04.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Saturday, January 31st. The bank reported $1.43 earnings per share for the quarter. KB Financial Group had a net margin of 17.16% and a return on equity of 9.67%. Analysts anticipate that KB Financial Group Inc will post 8.87 earnings per share for the current fiscal year.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.