KB Financial Group, Inc. (KB) Holdings Boosted by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its holdings in KB Financial Group, Inc. (NYSE:KB) by 2.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 680,400 shares of the bank’s stock after acquiring an additional 17,087 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in KB Financial Group were worth $39,810,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Ameriprise Financial Inc. grew its stake in shares of KB Financial Group by 7.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 21,319 shares of the bank’s stock valued at $1,077,000 after purchasing an additional 1,416 shares during the period. Vanguard Group Inc. grew its stake in shares of KB Financial Group by 2.1% during 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. Stifel Financial Corp grew its stake in shares of KB Financial Group by 4.3% during the 2nd quarter. Stifel Financial Corp now owns 15,765 shares of the bank’s stock valued at $794,000 after purchasing an additional 656 shares during the period. State Street Corp grew its stake in shares of KB Financial Group by 7.2% during the 2nd quarter. State Street Corp now owns 93,619 shares of the bank’s stock valued at $4,728,000 after purchasing an additional 6,288 shares during the period. Finally, Fisher Asset Management LLC grew its stake in shares of KB Financial Group by 2.4% during the 3rd quarter. Fisher Asset Management LLC now owns 222,260 shares of the bank’s stock valued at $10,897,000 after purchasing an additional 5,241 shares during the period. 5.85% of the stock is owned by institutional investors and hedge funds.

A number of research firms 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 target for the company in a research note on Wednesday, January 10th. TheStreet downgraded KB Financial Group from a “b-” rating to a “c” rating in a research note on Monday, November 27th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $71.00.

KB Financial Group, Inc. (KB) opened at $59.94 on Friday. The stock has a market capitalization of $24,665.69, a P/E ratio of 9.31, a P/E/G ratio of 0.42 and a beta of 1.26. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.61 and a current ratio of 1.61. KB Financial Group, Inc. has a 52 week low of $40.59 and a 52 week high of $63.96.

COPYRIGHT VIOLATION WARNING: “KB Financial Group, Inc. (KB) Holdings Boosted by Arrowstreet Capital Limited Partnership” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/23/kb-financial-group-inc-kb-holdings-boosted-by-arrowstreet-capital-limited-partnership.html.

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.

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:KB).

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.

Leave a Reply