Checchi Capital Advisers LLC purchased a new stake in KB Financial Group, Inc. (NYSE:KB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,646 shares of the bank’s stock, valued at approximately $213,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Aperio Group LLC raised its holdings in KB Financial Group by 6.8% in the 4th quarter. Aperio Group LLC now owns 506,770 shares of the bank’s stock valued at $29,651,000 after buying an additional 32,173 shares during the last quarter. Pillar Pacific Capital Management LLC bought a new stake in shares of KB Financial Group in the 4th quarter valued at $313,000. Eqis Capital Management Inc. increased its stake in shares of KB Financial Group by 11.4% in the 4th quarter. Eqis Capital Management Inc. now owns 25,259 shares of the bank’s stock valued at $1,478,000 after acquiring an additional 2,590 shares in the last quarter. Hermes Investment Management Ltd. increased its stake in shares of KB Financial Group by 32.7% in the 4th quarter. Hermes Investment Management Ltd. now owns 237,002 shares of the bank’s stock valued at $13,867,000 after acquiring an additional 58,398 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of KB Financial Group by 22,490.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,003 shares of the bank’s stock valued at $409,000 after acquiring an additional 6,972 shares in the last quarter. Institutional investors own 5.93% of the company’s stock.
KB Financial Group, Inc. (KB) opened at $59.34 on Tuesday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market cap of $22,776.97, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27. KB Financial Group, Inc. has a fifty-two week low of $40.59 and a fifty-two week high of $63.96.
Several analysts have recently weighed in on KB shares. Zacks Investment Research upgraded shares of KB Financial Group from a “sell” rating to a “hold” rating and set a $60.00 price objective for the company in a research note on Saturday, October 28th. TheStreet downgraded shares of KB Financial Group from a “b-” rating to a “c” rating in a research report on Monday, November 27th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. KB Financial Group has an average rating of “Buy” and a consensus target price of $71.00.
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KB Financial Group 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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