3,366 Shares in KB Financial Group Inc $KB Acquired by Drive Wealth Management LLC

Drive Wealth Management LLC acquired a new stake in KB Financial Group Inc (NYSE:KB) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,366 shares of the bank’s stock, valued at approximately $278,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of KB. Dimensional Fund Advisors LP raised its position in shares of KB Financial Group by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,494,535 shares of the bank’s stock worth $134,946,000 after purchasing an additional 7,386 shares during the period. Northern Trust Corp raised its holdings in KB Financial Group by 4.9% during the first quarter. Northern Trust Corp now owns 957,093 shares of the bank’s stock worth $51,788,000 after buying an additional 44,564 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in KB Financial Group by 3.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 844,377 shares of the bank’s stock worth $45,689,000 after buying an additional 28,484 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of KB Financial Group by 3.5% in the first quarter. American Century Companies Inc. now owns 634,875 shares of the bank’s stock valued at $34,353,000 after buying an additional 21,672 shares in the last quarter. Finally, Ramirez Asset Management Inc. grew its holdings in shares of KB Financial Group by 24.6% during the second quarter. Ramirez Asset Management Inc. now owns 304,298 shares of the bank’s stock valued at $25,132,000 after buying an additional 60,056 shares during the last quarter. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Performance

Shares of KB stock opened at $82.98 on Tuesday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a market cap of $31.65 billion, a price-to-earnings ratio of 7.97, a P/E/G ratio of 0.62 and a beta of 1.10. KB Financial Group Inc has a 52 week low of $46.38 and a 52 week high of $92.39. The firm’s 50-day simple moving average is $81.20 and its two-hundred day simple moving average is $75.78.

KB Financial Group (NYSE:KB) last released its earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.01. The firm had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.20 billion. KB Financial Group had a net margin of 16.16% and a return on equity of 9.79%. As a group, equities analysts forecast that KB Financial Group Inc will post 8.87 earnings per share for the current year.

KB Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were paid a $0.657 dividend. The ex-dividend date was Friday, August 8th. This represents a $2.63 annualized dividend and a dividend yield of 3.2%. KB Financial Group’s payout ratio is presently 20.37%.

Wall Street Analysts Forecast Growth

KB has been the topic of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a report on Wednesday, October 8th. Wall Street Zen downgraded KB Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

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.