Eagle Asset Management Inc. boosted its stake in shares of KB Financial Group Inc (NYSE:KB) by 15.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,238 shares of the bank’s stock after purchasing an additional 1,117 shares during the period. Eagle Asset Management Inc.’s holdings in KB Financial Group were worth $405,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of KB. Hermes Investment Management Ltd. bought a new position in KB Financial Group during the third quarter valued at approximately $8,757,000. Arrowstreet Capital Limited Partnership raised its position in KB Financial Group by 49.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 357,279 shares of the bank’s stock worth $18,039,000 after acquiring an additional 118,515 shares during the period. Russell Investments Group Ltd. raised its position in KB Financial Group by 122.5% in the third quarter. Russell Investments Group Ltd. now owns 126,239 shares of the bank’s stock worth $6,190,000 after acquiring an additional 69,500 shares during the period. Crossmark Global Holdings Inc. bought a new position in KB Financial Group in the third quarter worth approximately $2,973,000. Finally, Northern Trust Corp raised its position in KB Financial Group by 3.9% in the second quarter. Northern Trust Corp now owns 1,168,613 shares of the bank’s stock worth $59,004,000 after acquiring an additional 43,788 shares during the period. Institutional investors own 5.70% of the company’s stock.
KB Financial Group Inc (NYSE:KB) remained flat at $$54.72 on Thursday. The company had a trading volume of 72,500 shares, compared to its average volume of 142,194. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.61 and a quick ratio of 1.61. KB Financial Group Inc has a fifty-two week low of $35.11 and a fifty-two week high of $55.55. The firm has a market capitalization of $22,879.09, a P/E ratio of 8.50, a P/E/G ratio of 0.40 and a beta of 1.20.
Several research analysts have weighed in on the stock. TheStreet downgraded shares of KB Financial Group from a “b-” rating to a “c” rating in a research report on Monday, November 27th. Zacks Investment Research upgraded shares of KB Financial Group from a “sell” rating to a “hold” rating and set a $60.00 price target on the stock in a research report on Saturday, October 28th. J P Morgan Chase & Co assumed coverage on shares of KB Financial Group in a research report on Wednesday, August 9th. They issued an “overweight” rating on the stock. Finally, BidaskClub downgraded shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $60.00.
About KB Financial Group
KB Financial Group Inc is a financial holding company in Korea. The Company’s operations include Kookmin Bank, a commercial bank in Korea. The Company operates through six business segments: retail banking operations, corporate banking operations, other banking operations, credit card operations, investment and securities operations, and life insurance operations.
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