MAI Capital Management Makes New $234,000 Investment in KB Financial Group Inc $KB

MAI Capital Management bought a new position in shares of KB Financial Group Inc (NYSE:KB) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,828 shares of the bank’s stock, valued at approximately $234,000.

A number of other large investors have also made changes to their positions in the company. US Bancorp DE lifted its stake in KB Financial Group by 1.3% in the 1st quarter. US Bancorp DE now owns 20,442 shares of the bank’s stock worth $1,106,000 after acquiring an additional 272 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of KB Financial Group by 585.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock valued at $28,000 after purchasing an additional 287 shares in the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of KB Financial Group in the second quarter worth about $25,000. PDS Planning Inc lifted its holdings in KB Financial Group by 4.3% in the 2nd quarter. PDS Planning Inc now owns 8,373 shares of the bank’s stock worth $692,000 after purchasing an additional 349 shares during the last quarter. Finally, Aprio Wealth Management LLC boosted its holdings in shares of KB Financial Group by 4.9% during the 1st quarter. Aprio Wealth Management LLC now owns 9,617 shares of the bank’s stock worth $520,000 after buying an additional 446 shares during the period. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

KB has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of KB Financial Group in a report on Monday. Wall Street Zen downgraded KB Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, KB Financial Group presently has an average rating of “Buy”.

KB Financial Group Price Performance

KB opened at $85.10 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.67 and a current ratio of 1.67. KB Financial Group Inc has a 52 week low of $46.38 and a 52 week high of $92.39. The company has a fifty day moving average price of $83.07 and a two-hundred day moving average price of $80.72. The firm has a market capitalization of $32.46 billion, a PE ratio of 8.18, a P/E/G ratio of 0.65 and a beta of 1.14.

About KB Financial Group

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.