Bank Julius Baer & Co. Ltd Zurich Takes Position in KB Financial Group Inc. (NYSE:KB)

Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of KB Financial Group Inc. (NYSE:KB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,243 shares of the bank’s stock, valued at approximately $1,397,000.

Several other hedge funds and other institutional investors have also modified their holdings of KB. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of KB Financial Group by 23.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 779,499 shares of the bank’s stock worth $48,134,000 after acquiring an additional 145,861 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of KB Financial Group during the fourth quarter worth $7,301,000. Public Employees Retirement System of Ohio purchased a new stake in shares of KB Financial Group during the third quarter worth $7,291,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of KB Financial Group during the third quarter worth $3,516,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of KB Financial Group by 15.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank’s stock worth $26,332,000 after acquiring an additional 56,400 shares in the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KB shares. StockNews.com lowered KB Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Morgan Stanley raised shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th.

KB Financial Group Trading Down 0.1 %

KB Financial Group stock opened at $54.33 on Monday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market capitalization of $21.38 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 0.52 and a beta of 0.99. KB Financial Group Inc. has a one year low of $45.59 and a one year high of $72.89. The company’s fifty day moving average price is $58.63 and its two-hundred day moving average price is $62.27.

KB Financial Group (NYSE:KB) last posted its earnings results on Wednesday, March 5th. The bank reported $1.21 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%. On average, analysts forecast that KB Financial Group Inc. will post 8.87 earnings per share for the current fiscal year.

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.