Trinity Street Asset Management L recently announced the acquisition of new stake in KB Financial Group Inc. (NYSE:KB). The institutional investor has increased its shareholding in the Financial company by 0.38% to 2.06 million shares with purchase of 7840.0 shares. This fresh investment now brings its stake to 0.50% valued currently at $79.49 million. In addition, Aperio Group LLC raised its holdings by 0.12 million to 1.38 million shares. And Royal London Asset Management Ltd has lifted its position by 42.17% or 0.38 million shares – to 1.3 million shares.
With over 0.38 million KB Financial Group Inc. (KB) shares trading Tuesday and a closing price of $47.32 on the day, the dollar volume was approximately $17.87 million. The shares have shown a positive half year performance of 35.55% and its price on 01/17/23 gained nearly 2.23%. Currently, there are 389.63M common shares owned by the public and among those 19.65M shares have been available to trade.
The top 3 mutual fund holders in KB Financial Group Inc. are DFA Dimensional Emerging Markets, Bernstein Fund Inc. – Internation, and Templeton Foreign VIP Fund. DFA Dimensional Emerging Markets owns 2.13 million shares of the company’s stock, all valued at over $82.43 million. The company sold 15859.0 shares recently to bring their total holdings to about 0.52% of the shares outstanding. Templeton Foreign VIP Fund now owns shares totaling to 0.12% of the shares outstanding.
Shares of KB Financial Group Inc. (NYSE: KB) opened at $47.43, up $1.14 from a prior closing price of $46.29. However, the script later moved the day high at 47.60, up 2.23%. The company’s stock has a 5-day price change of 3.43% and 47.97% over the past three months. KB shares are trading 22.40% year to date (YTD), with the 12-month market performance down to -9.54% lower. It has a 12-month low price of $30.14 and touched a high of $55.31 over the same period. KB has an average intraday trading volume of 239.76K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 13.68%, 20.87%, and 19.86% respectively.
Institutional ownership of KB Financial Group Inc. (NYSE: KB) shares accounts for 6.40% of the company’s 389.63M shares outstanding. Mutual fund holders own 1.57%, while other institutional holders and individual stakeholders account for 4.41% and — respectively.
It has a market capitalization of $19.01B and a beta (3y monthly) value of 0.91. The stock’s trailing 12-month PE ratio is 5.13, while the earnings-per-share (ttm) stands at $9.23. The company has a PEG of 1.05 and the debt-to-equity ratio at 2.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.31% over the week and 1.37% over the month.
Analysts forecast that KB Financial Group Inc. (KB) will achieve an EPS of $2.21 for the current quarter, $1.47 for the next quarter and $9.64 for 2023. The lowest estimate earnings-per-share for the quarter is $2.21 while analysts give the company a high EPS estimate of $2.21. Earnings per share for the fiscal year are expected to increase by 24.70%, and 13.30% over the next financial year. EPS should shrink at an annualized rate of 4.90% over the next five years, compared to 14.40% over the past 5-year period.
CLSA on their part issued Outperform rating on March 27, 2019.