Generali Investments CEE investicni spolecnost a.s. Makes New $1.99 Million Investment in KB Financial Group Inc. (NYSE:KB)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of KB Financial Group Inc. (NYSE:KB) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 34,888 shares of the bank’s stock, valued at approximately $1,985,000.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in KB Financial Group during the 3rd quarter worth approximately $35,000. Venturi Wealth Management LLC lifted its stake in shares of KB Financial Group by 2,427.9% during the third quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock worth $67,000 after buying an additional 1,044 shares during the period. Hudson Edge Investment Partners Inc. grew its holdings in shares of KB Financial Group by 5.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock valued at $198,000 after buying an additional 168 shares during the last quarter. Drive Wealth Management LLC acquired a new position in shares of KB Financial Group in the 3rd quarter valued at $219,000. Finally, Glenmede Trust Co. NA purchased a new position in KB Financial Group in the 3rd quarter worth $236,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

KB Financial Group Stock Down 0.1 %

NYSE:KB opened at $54.33 on Friday. The firm has a market capitalization of $21.38 billion, a P/E ratio of 6.33, a PEG ratio of 0.52 and a beta of 0.99. The company’s fifty day moving average price is $58.63 and its 200-day moving average price is $62.29. KB Financial Group Inc. has a 1-year low of $45.59 and a 1-year high of $72.89. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Wednesday, March 5th. The bank reported $1.21 earnings per share for the quarter. The company had revenue of $2.94 billion for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. As a group, equities research analysts anticipate that KB Financial Group Inc. will post 8.87 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on KB. StockNews.com downgraded KB Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th.

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.