KB Financial Group Inc $KB Stock: Calamos Wealth Management LLC Raises Position

Calamos Wealth Management LLC grew its holdings in KB Financial Group Inc (NYSE:KB – Free Report) by 11.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,762 shares of the bank’s stock after purchasing an additional 4,854 shares during the period. Calamos Wealth Management LLC’s holdings in KB Financial Group were worth $5,756,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Syverson Strege & Co purchased a new stake in shares of KB Financial Group during the third quarter valued at $220,000. Commonwealth Equity Services LLC purchased a new position in shares of KB Financial Group during the third quarter valued at approximately $231,000. Richardson Financial Services Inc. raised its holdings in shares of KB Financial Group by 37.7% during the third quarter. Richardson Financial Services Inc. now owns 727 shares of the bank’s stock valued at $89,000 after purchasing an additional 199 shares during the last quarter. Ascent Group LLC lifted its position in KB Financial Group by 24.6% during the third quarter. Ascent Group LLC now owns 2,832 shares of the bank’s stock valued at $349,000 after purchasing an additional 560 shares during the period. Finally, TT International Asset Management LTD bought a new position in KB Financial Group during the third quarter valued at approximately $1,675,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KB shares. Weiss Ratings downgraded shares of KB Financial Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, October 26th. Zacks Research raised KB Financial Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Get Our Latest Stock Report on KB Financial Group

KB Financial Group Stock Performance

KB traded down $0.55 during trading on Friday, hitting $111.30. The company’s stock had a trading volume of 159,958 shares, compared to its average volume of 258,203. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.53. KB Financial Group Inc has a one year low of $81.36 and a one year high of $133.29. The firm has a market cap of $39.48 billion, a PE ratio of 9.55, a P/E/G ratio of 0.64 and a beta of 1.09. The business’s 50 day simple moving average is $122.35 and its 200-day simple moving average is $111.88.

KB Financial Group (NYSE:KB – Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The bank reported $3.67 EPS for the quarter, topping the consensus estimate of $3.51 by $0.16. KB Financial Group had a return on equity of 10.11% and a net margin of 17.67%. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.45 billion. As a group, sell-side analysts predict that KB Financial Group Inc will post 13.85 EPS for the current fiscal year.

About KB Financial Group

(Free Report)

KB Financial Group Inc is a South Korean financial holding company headquartered in Seoul. Established in 2008, it brings together businesses serving individual, corporate and institutional customers, with operations centered primarily in South Korea and an international presence through overseas offices and subsidiaries.

Its businesses include commercial and retail banking through KB Kookmin Bank, as well as securities and investment banking, insurance, credit cards, asset management, and consumer and corporate finance.

See Also

Institutional Ownership by Quarter for KB Financial Group (NYSE:KB)

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