Marshall Wace LLP Raises Stock Position in KB Financial Group Inc. (NYSE:KB)

Marshall Wace LLP grew its holdings in KB Financial Group Inc. (NYSE:KB) by 19.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 256,689 shares of the bank’s stock after acquiring an additional 41,818 shares during the period. Marshall Wace LLP’s holdings in KB Financial Group were worth $14,606,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Stifel Financial Corp grew its stake in KB Financial Group by 1.5% during the third quarter. Stifel Financial Corp now owns 21,371 shares of the bank’s stock valued at $1,320,000 after acquiring an additional 308 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of KB Financial Group by 11.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,243 shares of the bank’s stock valued at $633,000 after purchasing an additional 1,085 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of KB Financial Group during the third quarter valued at about $35,000. Aprio Wealth Management LLC increased its holdings in shares of KB Financial Group by 14.6% in the fourth quarter. Aprio Wealth Management LLC now owns 9,171 shares of the bank’s stock worth $522,000 after purchasing an additional 1,171 shares during the last quarter. Finally, Gilman Hill Asset Management LLC lifted its position in shares of KB Financial Group by 1.5% in the fourth quarter. Gilman Hill Asset Management LLC now owns 67,138 shares of the bank’s stock worth $3,820,000 after buying an additional 961 shares in the last quarter. Institutional investors own 11.52% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a report on Friday.

KB Financial Group Price Performance

KB Financial Group stock opened at $56.32 on Monday. KB Financial Group Inc. has a 52-week low of $46.38 and a 52-week 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’s fifty day moving average is $54.53 and its 200 day moving average is $60.27. The company has a market cap of $22.16 billion, a price-to-earnings ratio of 6.56, a PEG ratio of 0.52 and a beta of 0.92.

KB Financial Group (NYSE:KB) last announced its earnings results on Wednesday, March 5th. The bank reported $1.21 earnings per share (EPS) for the quarter. The firm had revenue of $2.94 billion for the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. Sell-side analysts forecast that KB Financial Group Inc. will post 8.87 EPS for the current fiscal 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.