WINTON GROUP Ltd Buys Shares of 5,100 KB Financial Group Inc $KB

WINTON GROUP Ltd bought a new stake in shares of KB Financial Group Inc (NYSE:KB) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 5,100 shares of the bank’s stock, valued at approximately $535,000.

A number of other hedge funds have also made changes to their positions in KB. Bell Investment Advisors Inc increased its stake in shares of KB Financial Group by 29.3% in the first quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock worth $48,000 after buying an additional 108 shares during the last quarter. First Horizon Corp boosted its stake in KB Financial Group by 36.2% during the 1st quarter. First Horizon Corp now owns 489 shares of the bank’s stock valued at $49,000 after acquiring an additional 130 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in KB Financial Group by 90.0% during the 1st quarter. V Square Quantitative Management LLC now owns 496 shares of the bank’s stock valued at $49,000 after acquiring an additional 235 shares during the last quarter. Leonteq Securities AG acquired a new position in KB Financial Group during the 4th quarter worth $43,000. Finally, SG Americas Securities LLC acquired a new position in KB Financial Group during the 1st quarter worth $108,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

KB Financial Group Stock Performance

Shares of KB opened at $129.34 on Wednesday. The business’s fifty day moving average price is $121.43 and its 200 day moving average price is $110.83. KB Financial Group Inc has a 12-month low of $77.44 and a 12-month high of $133.29. The stock has a market capitalization of $45.88 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 0.80 and a beta of 1.02. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.64 and a quick ratio of 1.64.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Friday, August 14th. The bank reported $3.67 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.16. KB Financial Group had a net margin of 17.67% and a return on equity of 10.11%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.45 billion. Equities research analysts forecast that KB Financial Group Inc will post 12.91 EPS for the current year.

Wall Street Analyst Weigh In

KB has been the topic of a number of recent analyst reports. 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. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, June 24th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of KB Financial Group in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korean financial holding company headquartered in Seoul. Established in 2008, the group operates through a network of subsidiaries that provide banking, securities, insurance, asset management, credit card, consumer finance and other financial services to individuals, businesses and institutional clients.

Its principal subsidiary, KB Kookmin Bank, offers deposit accounts, lending, wealth management, foreign exchange, payments and corporate banking services.