PDS Planning Inc Has $692,000 Stock Position in KB Financial Group Inc $KB

PDS Planning Inc raised its stake in KB Financial Group Inc (NYSE:KB) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,373 shares of the bank’s stock after purchasing an additional 349 shares during the quarter. PDS Planning Inc’s holdings in KB Financial Group were worth $692,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KB. GAMMA Investing LLC raised its stake in shares of KB Financial Group by 105.6% in the second quarter. GAMMA Investing LLC now owns 1,836 shares of the bank’s stock worth $152,000 after purchasing an additional 943 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of KB Financial Group by 215.2% in the second quarter. Farther Finance Advisors LLC now owns 2,134 shares of the bank’s stock worth $176,000 after purchasing an additional 1,457 shares during the last quarter. Cresset Asset Management LLC purchased a new stake in shares of KB Financial Group in the first quarter worth approximately $207,000. Vontobel Holding Ltd. purchased a new stake in shares of KB Financial Group in the second quarter worth approximately $211,000. Finally, Perigon Wealth Management LLC purchased a new stake in shares of KB Financial Group in the first quarter worth approximately $214,000. 11.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KB shares. Wall Street Zen downgraded KB Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

KB Financial Group Stock Performance

KB stock opened at $77.56 on Friday. The firm has a market cap of $29.59 billion, a PE ratio of 7.45, a P/E/G ratio of 0.59 and a beta of 1.10. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.36. The business has a 50 day moving average of $81.31 and a 200-day moving average of $74.51. KB Financial Group Inc has a 12-month low of $46.38 and a 12-month high of $92.39.

KB Financial Group (NYSE:KB) last released its earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.01. The company had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.20 billion. KB Financial Group had a return on equity of 9.79% and a net margin of 16.16%. As a group, sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were issued a dividend of $0.657 per share. This represents a $2.63 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 8th. KB Financial Group’s dividend payout ratio is 20.37%.

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.