Schwab Charles Investment Management Inc. grew its holdings in KB Financial Group, Inc. (NYSE:KB) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 305,608 shares of the bank’s stock after purchasing an additional 3,156 shares during the period. Schwab Charles Investment Management Inc. owned about 0.08% of KB Financial Group worth $17,882,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its stake in shares of KB Financial Group by 122.5% during the third quarter. Russell Investments Group Ltd. now owns 126,239 shares of the bank’s stock valued at $6,190,000 after buying an additional 69,500 shares during the period. Crossmark Global Holdings Inc. bought a new stake in KB Financial Group during the third quarter valued at about $2,973,000. NorthCoast Asset Management LLC bought a new stake in KB Financial Group during the third quarter valued at about $1,478,000. Dorsey Wright & Associates boosted its position in KB Financial Group by 47.2% during the third quarter. Dorsey Wright & Associates now owns 93,903 shares of the bank’s stock valued at $4,653,000 after purchasing an additional 30,128 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in KB Financial Group by 8.1% during the third quarter. Parametric Portfolio Associates LLC now owns 351,740 shares of the bank’s stock valued at $17,246,000 after purchasing an additional 26,375 shares in the last quarter. Institutional investors and hedge funds own 5.85% of the company’s stock.
KB has been the topic of a number of recent research reports. Zacks Investment Research raised KB Financial Group from a “sell” rating to a “hold” rating and set a $60.00 price objective on the stock in a research report on Saturday, October 28th. TheStreet downgraded KB Financial Group from a “b-” rating to a “c” rating in a research report on Monday, November 27th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $71.00.
Shares of KB Financial Group, Inc. (KB) opened at $59.94 on Friday. KB Financial Group, Inc. has a 12-month low of $40.59 and a 12-month high of $63.96. The firm has a market capitalization of $24,665.69, a PE 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.
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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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