Atria Investments Inc Has $791,000 Stake in KB Financial Group Inc $KB
Atria Investments Inc increased its stake in KB Financial Group Inc by 53% in Q2, now holding 9,581 shares valued at $791,000. Other institutional investors also adjusted their positions, with Bank of New York Mellon Corp and Envestnet Asset Management increasing their holdings. KB Financial Group's stock has a market cap of $32.20 billion and reported earnings of $3.16 per share, beating estimates. Analysts have mixed ratings on the stock, with a consensus rating of "Buy."
Atria Investments Inc boosted its stake in shares of KB Financial Group Inc (NYSE:KB - Free Report) by 53.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,581 shares of the bank's stock after acquiring an additional 3,319 shares during the quarter. Atria Investments Inc's holdings in KB Financial Group were worth $791,000 as of its most recent SEC filing.
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A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in KB Financial Group by 12.3% during the 1st quarter. Bank of New York Mellon Corp now owns 14,714 shares of the bank's stock valued at $796,000 after purchasing an additional 1,608 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of KB Financial Group by 2.6% during the first quarter. Envestnet Asset Management Inc. now owns 174,242 shares of the bank's stock worth $9,428,000 after buying an additional 4,448 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of KB Financial Group by 63.7% during the first quarter. Cerity Partners LLC now owns 46,620 shares of the bank's stock worth $2,523,000 after buying an additional 18,149 shares in the last quarter. Bridgewater Advisors Inc. bought a new position in shares of KB Financial Group in the first quarter valued at approximately $434,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of KB Financial Group by 27.3% in the 1st quarter. Victory Capital Management Inc. now owns 15,620 shares of the bank's stock worth $845,000 after acquiring an additional 3,345 shares in the last quarter. 11.52% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
KB has been the subject of a number of recent analyst reports. Wall Street Zen cut KB Financial Group from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Weiss Ratings restated a "buy (b)" rating on shares of KB Financial Group in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy".
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KB Financial Group Stock Performance
Shares of KB Financial Group stock opened at $84.42 on Friday. The firm has a fifty day moving average of $81.93 and a two-hundred day moving average of $78.50. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market capitalization of $32.20 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 0.65 and a beta of 1.14. KB Financial Group Inc has a 52 week low of $46.38 and a 52 week high of $92.39.
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KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.01. KB Financial Group had a net margin of 16.16% and a return on equity of 9.79%. The company had revenue of $3.32 billion during the quarter, compared to analysts' expectations of $3.20 billion. As a group, equities research analysts predict that KB Financial Group Inc will post 8.87 EPS for the current year.
KB Financial Group Profile
(Free Report)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.
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