4,854 KB Financial Group Inc $KB Shares Bought by Calamos Wealth Management LLC

Calamos Wealth Management LLC boosted its holdings in KB Financial Group Inc (NYSE:KB) by 11.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 46,762 shares of the bank’s stock after purchasing an additional 4,854 shares during the quarter. Calamos Wealth Management LLC’s holdings in KB Financial Group were worth $5,756,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. WCM Investment Management LLC purchased a new position in shares of KB Financial Group in the first quarter valued at about $24,497,000. Bank of America Corp DE lifted its holdings in KB Financial Group by 20.3% in the 1st quarter. Bank of America Corp DE now owns 1,068,416 shares of the bank’s stock worth $106,553,000 after purchasing an additional 180,590 shares in the last quarter. Nykredit A S bought a new position in KB Financial Group in the 2nd quarter worth approximately $10,926,000. Trinity Street Asset Management LLP boosted its stake in KB Financial Group by 141.4% in the 2nd quarter. Trinity Street Asset Management LLP now owns 146,667 shares of the bank’s stock worth $15,394,000 after purchasing an additional 85,904 shares during the period. Finally, Royal Bank of Canada grew its holdings in KB Financial Group by 18.7% during the 1st quarter. Royal Bank of Canada now owns 342,236 shares of the bank’s stock valued at $34,131,000 after buying an additional 53,952 shares in the last quarter. 11.52% of the stock is owned by institutional investors.

KB Financial Group Price Performance

Shares of KB stock traded down $0.55 during trading hours on Friday, hitting $111.30. The stock had a trading volume of 159,958 shares, compared to its average volume of 258,203. KB Financial Group Inc has a one year low of $81.36 and a one year high of $133.29. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.64 and a quick ratio of 1.64. The stock’s 50-day moving average price is $122.35 and its two-hundred day moving average price is $111.88. The stock has a market capitalization of $39.48 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 0.64 and a beta of 1.09.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Friday, August 14th. The bank reported $3.67 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.16. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.45 billion. KB Financial Group had a return on equity of 10.11% and a net margin of 17.67%. Equities analysts forecast that KB Financial Group Inc will post 13.85 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on KB shares. Zacks Research upgraded shares of KB Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 21st. Weiss Ratings lowered shares of KB Financial Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korean financial holding company headquartered in Seoul. Established in 2008, it brings together businesses serving individual, corporate and institutional customers, with operations centered primarily in South Korea and an international presence through overseas offices and subsidiaries.

Its businesses include commercial and retail banking through KB Kookmin Bank, as well as securities and investment banking, insurance, credit cards, asset management, and consumer and corporate finance.