Systematic Alpha Investments LLC Makes New Investment in KB Financial Group Inc. (NYSE:KB)

Systematic Alpha Investments LLC acquired a new position in shares of KB Financial Group Inc. (NYSE:KB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,600 shares of the bank’s stock, valued at approximately $204,000.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in shares of KB Financial Group by 17.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,794 shares of the bank’s stock valued at $240,000 after purchasing an additional 870 shares during the last quarter. US Bancorp DE boosted its stake in shares of KB Financial Group by 47.7% in the 4th quarter. US Bancorp DE now owns 21,303 shares of the bank’s stock valued at $881,000 after purchasing an additional 6,877 shares during the last quarter. Team Hewins LLC bought a new position in shares of KB Financial Group in the 4th quarter valued at about $333,000. Campbell & CO Investment Adviser LLC bought a new position in shares of KB Financial Group in the 4th quarter valued at about $1,112,000. Finally, Hudson Edge Investment Partners Inc. bought a new position in shares of KB Financial Group in the 4th quarter valued at about $328,000. Institutional investors own 11.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 27th.

KB Financial Group Stock Down 0.2 %

KB Financial Group stock opened at $61.54 on Wednesday. The company’s 50 day simple moving average is $62.37 and its 200 day simple moving average is $57.49. KB Financial Group Inc. has a fifty-two week low of $36.57 and a fifty-two week high of $67.40. The firm has a market capitalization of $24.83 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 0.41 and a beta of 0.99. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.67 and a quick ratio of 1.67.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.36. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. The business had revenue of $3.18 billion for the quarter. As a group, sell-side analysts anticipate that KB Financial Group Inc. will post 9.4 EPS for the current year.

KB Financial Group Company 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.