Calamos Advisors LLC Takes Position in KB Financial Group Inc $KB

Calamos Advisors LLC acquired a new stake in KB Financial Group Inc (NYSE:KB) in the first quarter, Holdings Channel reports. The firm acquired 38,525 shares of the bank’s stock, valued at approximately $3,842,000.

Several other large investors have also recently added to or reduced their stakes in the business. Bell Investment Advisors Inc lifted its holdings in KB Financial Group by 29.3% during the 1st quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock worth $48,000 after buying an additional 108 shares in the last quarter. Seeds Investor LLC grew its stake in shares of KB Financial Group by 1.8% in the fourth quarter. Seeds Investor LLC now owns 6,606 shares of the bank’s stock worth $568,000 after acquiring an additional 114 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of KB Financial Group by 2.1% in the fourth quarter. HighTower Advisors LLC now owns 5,821 shares of the bank’s stock worth $501,000 after acquiring an additional 118 shares in the last quarter. Drive Wealth Management LLC grew its stake in shares of KB Financial Group by 3.5% in the fourth quarter. Drive Wealth Management LLC now owns 3,515 shares of the bank’s stock worth $302,000 after acquiring an additional 120 shares in the last quarter. Finally, First Horizon Corp increased its position in shares of KB Financial Group by 36.2% during the first quarter. First Horizon Corp now owns 489 shares of the bank’s stock worth $49,000 after acquiring an additional 130 shares during the period. 11.52% of the stock is owned by hedge funds and other institutional investors.

KB Financial Group Stock Up 0.8%

KB Financial Group stock opened at $121.73 on Thursday. KB Financial Group Inc has a 1-year low of $76.31 and a 1-year high of $125.62. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market cap of $43.17 billion, a PE ratio of 10.93, a P/E/G ratio of 0.80 and a beta of 1.01. The stock’s fifty day moving average is $107.20 and its two-hundred day moving average is $103.38.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Tuesday, March 31st. The bank reported $2.16 earnings per share (EPS) for the quarter. The company had revenue of $3.49 billion during the quarter. KB Financial Group had a return on equity of 9.99% and a net margin of 17.36%. On average, sell-side analysts expect that KB Financial Group Inc will post 12.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of KB Financial Group in a research note on Wednesday, July 1st. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, June 24th. Finally, Wall Street Zen downgraded KB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About KB Financial Group

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.