Mercer Global Advisors Inc. ADV Boosts Stake in KB Financial Group Inc. (NYSE:KB)

Mercer Global Advisors Inc. ADV grew its stake in KB Financial Group Inc. (NYSE:KB) by 85.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,096 shares of the bank’s stock after buying an additional 5,103 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in KB Financial Group were worth $631,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of KB Financial Group in the third quarter worth $35,000. Tower Research Capital LLC TRC raised its holdings in shares of KB Financial Group by 659.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank’s stock worth $137,000 after buying an additional 2,097 shares during the last quarter. Hudson Edge Investment Partners Inc. raised its holdings in shares of KB Financial Group by 5.1% in the fourth 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 during the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of KB Financial Group in the fourth quarter worth $222,000. Finally, Triumph Capital Management purchased a new position in shares of KB Financial Group in the fourth quarter worth $228,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Trading Down 0.2%

Shares of KB Financial Group stock opened at $66.09 on Monday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a fifty day moving average price of $56.45 and a 200 day moving average price of $59.82. KB Financial Group Inc. has a 1 year low of $46.38 and a 1 year high of $72.89. The stock has a market cap of $26.01 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 0.52 and a beta of 0.98.

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

Analysts Set New Price Targets

Separately, StockNews.com cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Monday, April 28th.

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.