KB Financial Group, Inc. (KB) Shares Bought by Deltec Asset Management LLC

Deltec Asset Management LLC raised its holdings in KB Financial Group, Inc. (NYSE:KB) by 3.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,000 shares of the bank’s stock after buying an additional 1,000 shares during the period. Deltec Asset Management LLC’s holdings in KB Financial Group were worth $1,186,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Trinity Street Asset Management LLP increased its stake in shares of KB Financial Group by 1.1% during the first quarter. Trinity Street Asset Management LLP now owns 1,275,663 shares of the bank’s stock worth $47,276,000 after purchasing an additional 13,798 shares during the period. Federated Investors Inc. PA acquired a new stake in KB Financial Group during the third quarter worth approximately $9,506,000. Bank of New York Mellon Corp grew its position in KB Financial Group by 26.0% during the third quarter. Bank of New York Mellon Corp now owns 125,388 shares of the bank’s stock worth $6,053,000 after buying an additional 25,890 shares in the last quarter. Investec Asset Management LTD acquired a new stake in KB Financial Group during the fourth quarter worth approximately $4,013,000. Finally, FNY Investment Advisers LLC acquired a new stake in KB Financial Group during the first quarter worth approximately $2,844,000. Hedge funds and other institutional investors own 6.12% of the company’s stock.

Shares of NYSE KB traded down $0.78 during mid-day trading on Monday, hitting $39.79. 3,436 shares of the stock traded hands, compared to its average volume of 184,402. The company has a quick ratio of 1.65, a current ratio of 1.64 and a debt-to-equity ratio of 2.42. KB Financial Group, Inc. has a twelve month low of $35.89 and a twelve month high of $57.37. The company has a market cap of $16.08 billion, a price-to-earnings ratio of 5.35, a price-to-earnings-growth ratio of 1.24 and a beta of 0.75.

The company also recently disclosed an annual dividend, which was paid on Tuesday, April 16th. Investors of record on Friday, December 28th were issued a dividend of $1.375 per share. This represents a dividend yield of 3.46%. The ex-dividend date of this dividend was Thursday, December 27th. KB Financial Group’s dividend payout ratio (DPR) is 18.44%.

A number of brokerages recently issued reports on KB. Zacks Investment Research downgraded KB Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 27th. CLSA raised KB Financial Group from an “underperform” rating to an “outperform” rating in a report on Wednesday, March 27th. Finally, Goldman Sachs Group began coverage on KB Financial Group in a report on Sunday, March 31st. They issued a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. KB Financial Group presently has a consensus rating of “Hold” and a consensus price target of $61.00.

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KB Financial Group Profile

KB Financial Group Inc, a financial holding company, provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. It operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.

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

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