First Trust Advisors LP Acquires 8,546 Shares of KB Financial Group Inc $KB

First Trust Advisors LP raised its holdings in shares of KB Financial Group Inc (NYSE:KBFree Report) by 72.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 20,297 shares of the bank’s stock after purchasing an additional 8,546 shares during the period. First Trust Advisors LP’s holdings in KB Financial Group were worth $2,024,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bell Investment Advisors Inc lifted its position in shares of KB Financial Group by 29.3% in the 1st quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock worth $48,000 after purchasing an additional 108 shares during the period. Seeds Investor LLC increased its holdings in KB Financial Group by 1.8% during the fourth quarter. Seeds Investor LLC now owns 6,606 shares of the bank’s stock valued at $568,000 after buying an additional 114 shares during the period. HighTower Advisors LLC increased its holdings in KB Financial Group by 2.1% during the fourth quarter. HighTower Advisors LLC now owns 5,821 shares of the bank’s stock valued at $501,000 after buying an additional 118 shares during the period. Drive Wealth Management LLC raised its stake in KB Financial Group by 3.5% in the fourth quarter. Drive Wealth Management LLC now owns 3,515 shares of the bank’s stock worth $302,000 after buying an additional 120 shares in the last quarter. Finally, First Horizon Corp raised its stake in KB Financial Group by 36.2% in the first quarter. First Horizon Corp now owns 489 shares of the bank’s stock worth $49,000 after buying an additional 130 shares in the last quarter. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Trading Up 2.2%

NYSE KB opened at $123.97 on Friday. KB Financial Group Inc has a 52 week low of $76.31 and a 52 week high of $125.66. The company has a 50 day moving average price of $111.97 and a 200 day moving average price of $107.07. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.47. The firm has a market cap of $43.97 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 0.74 and a beta of 1.01.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating on shares of KB Financial Group in a research report on Wednesday, July 1st. Zacks Research upgraded KB Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat, KB Financial Group presently has an average rating of “Buy”.

Get Our Latest Analysis on KB

KB Financial Group Company Profile

(Free Report)

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.

See Also

Want to see what other hedge funds are holding KB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Financial Group Inc (NYSE:KBFree Report).

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

Receive News & Ratings for KB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.