American Century Companies Inc. Buys 21,672 Shares of KB Financial Group Inc $KB

American Century Companies Inc. lifted its stake in shares of KB Financial Group Inc (NYSE:KB) by 3.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 634,875 shares of the bank’s stock after acquiring an additional 21,672 shares during the quarter. American Century Companies Inc.’s holdings in KB Financial Group were worth $34,353,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KB. Northern Trust Corp grew its stake in shares of KB Financial Group by 310.0% during the 4th quarter. Northern Trust Corp now owns 912,529 shares of the bank’s stock valued at $51,923,000 after acquiring an additional 689,979 shares during the period. Ranmore Fund Management Ltd bought a new position in shares of KB Financial Group during the 1st quarter valued at approximately $12,746,000. Raymond James Financial Inc. bought a new position in shares of KB Financial Group during the 4th quarter valued at approximately $7,301,000. Silvercrest Asset Management Group LLC bought a new position in shares of KB Financial Group during the 4th quarter valued at approximately $5,489,000. Finally, Trinity Street Asset Management LLP grew its stake in shares of KB Financial Group by 35.6% during the 1st quarter. Trinity Street Asset Management LLP now owns 330,384 shares of the bank’s stock valued at $17,877,000 after acquiring an additional 86,737 shares during the period. 11.52% of the stock is currently owned by institutional investors.

KB Financial Group Trading Up 0.0%

KB stock opened at $78.3680 on Friday. KB Financial Group Inc has a 1-year low of $46.38 and a 1-year high of $92.39. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.67 and a quick ratio of 1.68. The company has a market capitalization of $29.89 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.60 and a beta of 1.06. The business has a 50 day simple moving average of $81.95 and a two-hundred day simple moving average of $68.11.

KB Financial Group (NYSE:KB) last posted its quarterly earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.01. KB Financial Group had a return on equity of 9.79% and a net margin of 16.16%.The business had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.20 billion. Research analysts anticipate that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded KB Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, KB Financial Group has an average rating of “Buy”.

KB Financial Group Company Profile

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.