Silvercrest Asset Management Group LLC Invests $5.49 Million in KB Financial Group Inc. (NYSE:KB)

Silvercrest Asset Management Group LLC bought a new position in KB Financial Group Inc. (NYSE:KB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 96,459 shares of the bank’s stock, valued at approximately $5,489,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gilman Hill Asset Management LLC grew its position in 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 during the last quarter. Ballentine Partners LLC boosted its stake in shares of KB Financial Group by 3.0% during the 4th quarter. Ballentine Partners LLC now owns 23,312 shares of the bank’s stock worth $1,326,000 after acquiring an additional 685 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of KB Financial Group in the 4th quarter worth $856,000. Blue Trust Inc. raised its position in shares of KB Financial Group by 30.5% during the fourth quarter. Blue Trust Inc. now owns 36,868 shares of the bank’s stock worth $2,277,000 after purchasing an additional 8,625 shares during the period. Finally, Optas LLC acquired a new position in shares of KB Financial Group in the 4th quarter valued at $261,000. 11.52% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Trading Down 0.7%

KB Financial Group stock opened at $66.98 on Monday. The company has a 50 day moving average price of $57.75 and a 200 day moving average price of $59.77. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. KB Financial Group Inc. has a 52 week low of $46.38 and a 52 week high of $72.89. The firm has a market capitalization of $26.36 billion, a price-to-earnings ratio of 7.81, a P/E/G ratio of 0.52 and a beta of 0.98.

KB Financial Group (NYSE:KB) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.02). The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $4.45 billion. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. Research analysts forecast that KB Financial Group Inc. will post 8.87 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, April 28th.

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.