GK Wealth Management LLC Invests $469,000 in KB Financial Group Inc $KB

GK Wealth Management LLC purchased a new position in shares of KB Financial Group Inc (NYSE:KB) during the second quarter, Holdings Channel.com reports. The fund purchased 4,469 shares of the bank’s stock, valued at approximately $469,000.

Several other hedge funds have also made changes to their positions in the stock. Brown Brothers Harriman & Co. grew its stake in KB Financial Group by 131.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock worth $35,000 after buying an additional 229 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in KB Financial Group in the fourth quarter valued at $39,000. Leonteq Securities AG bought a new stake in KB Financial Group in the fourth quarter valued at $43,000. Triumph Capital Management acquired a new position in shares of KB Financial Group during the third quarter valued at $46,000. Finally, Bell Investment Advisors Inc boosted its holdings in shares of KB Financial Group by 29.3% during the first quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock valued at $48,000 after acquiring an additional 108 shares during the period. Institutional investors own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KB shares. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday, June 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of KB Financial Group in a research report on Wednesday, July 1st. Finally, Zacks Research raised shares of KB Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

KB Financial Group Price Performance

NYSE KB opened at $120.25 on Wednesday. KB Financial Group Inc has a 12 month low of $76.31 and a 12 month high of $125.62. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $42.65 billion, a PE ratio of 10.79, a P/E/G ratio of 0.72 and a beta of 1.01. The company’s 50 day simple moving average is $110.75 and its 200 day simple moving average is $106.50.

KB Financial Group Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.