Silvercrest Asset Management Group LLC Invests $5.49 Million in KB Financial Group Inc. (NYSE:KB)

Silvercrest Asset Management Group LLC purchased a new stake in shares of KB Financial Group Inc. (NYSE:KB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 96,459 shares of the bank’s stock, valued at approximately $5,489,000.

Several other large investors have also made changes to their positions in KB. Northern Trust Corp lifted its stake in shares of KB Financial Group by 310.0% in the fourth quarter. Northern Trust Corp now owns 912,529 shares of the bank’s stock worth $51,923,000 after buying an additional 689,979 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in KB Financial Group by 4.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank’s stock worth $46,424,000 after acquiring an additional 36,394 shares during the period. American Century Companies Inc. lifted its position in KB Financial Group by 4.9% during the 4th quarter. American Century Companies Inc. now owns 613,203 shares of the bank’s stock worth $34,891,000 after acquiring an additional 28,627 shares during the last quarter. Capital International Investors boosted its holdings in KB Financial Group by 7.2% during the fourth quarter. Capital International Investors now owns 512,752 shares of the bank’s stock valued at $29,194,000 after acquiring an additional 34,585 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in KB Financial Group by 4.9% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 447,400 shares of the bank’s stock valued at $25,457,000 after acquiring an additional 20,970 shares during the period. Institutional investors own 11.52% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered KB Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, April 28th.

KB Financial Group Stock Down 0.7%

Shares of KB stock opened at $66.98 on Monday. KB Financial Group Inc. has a 12 month low of $46.38 and a 12 month high of $72.89. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The firm has a market cap of $26.36 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 0.52 and a beta of 0.98. The stock has a 50 day moving average of $57.75 and a 200-day moving average of $59.77.

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

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.