Trinity Street Asset Management LLP Acquires 85,904 Shares of KB Financial Group Inc $KB

Trinity Street Asset Management LLP lifted its holdings in shares of KB Financial Group Inc (NYSE:KB) by 141.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,667 shares of the bank’s stock after buying an additional 85,904 shares during the quarter. KB Financial Group comprises 0.8% of Trinity Street Asset Management LLP’s investment portfolio, making the stock its 21st biggest position. Trinity Street Asset Management LLP’s holdings in KB Financial Group were worth $15,394,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. M&T Bank Corp purchased a new stake in shares of KB Financial Group during the fourth quarter worth $36,964,000. WCM Investment Management LLC purchased a new stake in KB Financial Group during the 1st quarter worth about $24,497,000. Bank of America Corp DE lifted its holdings in KB Financial Group by 20.3% during the 1st quarter. Bank of America Corp DE now owns 1,068,416 shares of the bank’s stock worth $106,553,000 after purchasing an additional 180,590 shares in the last quarter. Invesco Ltd. boosted its stake in KB Financial Group by 508.9% in the 2nd quarter. Invesco Ltd. now owns 152,939 shares of the bank’s stock worth $12,631,000 after purchasing an additional 127,823 shares during the period. Finally, Laird Norton Wetherby Trust Company LLC purchased a new position in KB Financial Group during the 4th quarter valued at about $6,640,000. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

KB Financial Group Price Performance

Shares of NYSE KB opened at $118.10 on Thursday. The firm has a market capitalization of $41.89 billion, a P/E ratio of 10.60, a P/E/G ratio of 0.71 and a beta of 1.01. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.47. The stock’s 50-day simple moving average is $112.88 and its two-hundred day simple moving average is $107.75. KB Financial Group Inc has a twelve month low of $76.31 and a twelve month high of $125.66.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KB shares. The Goldman Sachs Group restated a “buy” rating on shares of KB Financial Group in a research report on Wednesday, July 1st. Zacks Research upgraded shares of KB Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

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.