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

Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of KB Financial Group Inc. (NYSE:KB) during the fourth quarter, Holdings Channel.com reports. The fund bought 34,888 shares of the bank’s stock, valued at approximately $1,985,000.

Several other institutional investors and hedge funds have also recently modified their holdings of KB. Wilmington Savings Fund Society FSB purchased a new position in KB Financial Group during the third quarter worth approximately $35,000. Venturi Wealth Management LLC raised its stake in shares of KB Financial Group by 2,427.9% during the 3rd 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. lifted its position in shares of KB Financial Group by 5.1% during the 4th 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 in the last quarter. Drive Wealth Management LLC acquired a new stake in KB Financial Group in the 3rd quarter valued at $219,000. Finally, Glenmede Trust Co. NA purchased a new stake in KB Financial Group in the 3rd quarter worth $236,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Performance

NYSE:KB opened at $54.33 on Friday. The company’s 50-day moving average is $58.63 and its two-hundred day moving average is $62.29. The firm has a market capitalization of $21.38 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 0.52 and a beta of 0.99. 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 Inc. has a 1-year low of $45.59 and a 1-year high of $72.89.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Morgan Stanley upgraded shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th. StockNews.com downgraded shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday.

About KB Financial Group

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.