PDS Planning Inc Purchases 349 Shares of KB Financial Group Inc $KB

PDS Planning Inc raised its position in shares of KB Financial Group Inc (NYSE:KB) by 4.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,373 shares of the bank’s stock after purchasing an additional 349 shares during the period. PDS Planning Inc’s holdings in KB Financial Group were worth $692,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in KB Financial Group by 8.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,348 shares of the bank’s stock valued at $1,426,000 after purchasing an additional 2,135 shares during the period. QRG Capital Management Inc. lifted its position in shares of KB Financial Group by 9.2% during the first quarter. QRG Capital Management Inc. now owns 13,395 shares of the bank’s stock worth $725,000 after acquiring an additional 1,126 shares in the last quarter. Perigon Wealth Management LLC purchased a new stake in shares of KB Financial Group during the first quarter worth $214,000. Victory Capital Management Inc. lifted its position in shares of KB Financial Group by 27.3% during the first quarter. Victory Capital Management Inc. now owns 15,620 shares of the bank’s stock worth $845,000 after acquiring an additional 3,345 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of KB Financial Group by 152.1% during the first quarter. SG Americas Securities LLC now owns 37,913 shares of the bank’s stock worth $2,051,000 after acquiring an additional 22,876 shares in the last quarter. 11.52% of the stock is owned by institutional investors.

KB Financial Group Trading Down 5.9%

Shares of KB stock opened at $77.56 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.67 and a current ratio of 1.67. KB Financial Group Inc has a 52-week low of $46.38 and a 52-week high of $92.39. The company has a market capitalization of $29.59 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 0.59 and a beta of 1.10. The business’s fifty day moving average is $81.31 and its 200 day moving average is $74.51.

KB Financial Group (NYSE:KB) last issued its quarterly earnings data on Thursday, August 14th. The bank reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.20 billion. On average, equities research analysts anticipate that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

KB Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were given a $0.657 dividend. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 8th. KB Financial Group’s dividend payout ratio (DPR) is 20.37%.

Analyst Ratings Changes

Several research firms have issued reports on KB. Wall Street Zen downgraded KB Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

KB Financial Group 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.