Wells Fargo & Company MN grew its holdings in KB Financial Group, Inc. (NYSE:KB) by 6.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 377,910 shares of the bank’s stock after buying an additional 23,827 shares during the quarter. Wells Fargo & Company MN owned approximately 0.09% of KB Financial Group worth $18,529,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KB. Northern Trust Corp lifted its stake in shares of KB Financial Group by 3.9% in the 2nd quarter. Northern Trust Corp now owns 1,168,613 shares of the bank’s stock valued at $59,004,000 after purchasing an additional 43,788 shares during the period. Vanguard Group Inc. lifted its stake in shares of KB Financial Group by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,140,173 shares of the bank’s stock valued at $57,567,000 after purchasing an additional 23,659 shares during the period. Aperio Group LLC lifted its stake in shares of KB Financial Group by 3.2% in the 3rd quarter. Aperio Group LLC now owns 474,597 shares of the bank’s stock valued at $23,269,000 after purchasing an additional 14,906 shares during the period. Orbis Allan Gray Ltd lifted its stake in shares of KB Financial Group by 2.2% in the 2nd quarter. Orbis Allan Gray Ltd now owns 412,024 shares of the bank’s stock valued at $20,803,000 after purchasing an additional 9,016 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of KB Financial Group by 49.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 357,279 shares of the bank’s stock valued at $18,039,000 after purchasing an additional 118,515 shares during the period. Institutional investors and hedge funds own 5.92% of the company’s stock.
A number of brokerages have issued reports on KB. Zacks Investment Research upgraded KB Financial Group from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Wednesday. TheStreet cut KB Financial Group from a “b-” rating to a “c” rating in a research note on Monday, November 27th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $69.00.
Shares of KB Financial Group, Inc. (NYSE KB) traded up $1.62 during trading hours on Thursday, reaching $63.38. The company’s stock had a trading volume of 133,328 shares, compared to its average volume of 108,691. The stock has a market capitalization of $25,250.00, a PE ratio of 8.38, a price-to-earnings-growth ratio of 0.43 and a beta of 1.18. KB Financial Group, Inc. has a 1-year low of $37.03 and a 1-year high of $63.54. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.14.
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KB Financial Group Company Profile
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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