KB Financial Group Inc. (NYSE:KB) Holdings Lifted by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in KB Financial Group Inc. (NYSE:KB – Get Rating) by 77.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 232,579 shares of the bank’s stock after acquiring an additional 101,466 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in KB Financial Group were worth $8,992,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in KB. JPMorgan Chase & Co. lifted its stake in shares of KB Financial Group by 2.0% in the 1st quarter. JPMorgan Chase & Co. now owns 18,979 shares of the bank’s stock worth $927,000 after acquiring an additional 378 shares during the period. BlackRock Inc. lifted its stake in shares of KB Financial Group by 1.7% in the 1st quarter. BlackRock Inc. now owns 1,419,748 shares of the bank’s stock worth $69,327,000 after acquiring an additional 23,138 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of KB Financial Group by 19.4% in the 1st quarter. Allianz Asset Management GmbH now owns 18,669 shares of the bank’s stock worth $911,000 after acquiring an additional 3,032 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of KB Financial Group by 57.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 8,795 shares of the bank’s stock worth $429,000 after acquiring an additional 3,225 shares during the period. Finally, Royal London Asset Management Ltd. lifted its stake in shares of KB Financial Group by 17.5% in the 1st quarter. Royal London Asset Management Ltd. now owns 720,294 shares of the bank’s stock worth $35,226,000 after acquiring an additional 107,023 shares during the period. 5.80% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Stock Down 1.7 %

KB stock opened at $36.34 on Friday. KB Financial Group Inc. has a 12 month low of $30.14 and a 12 month high of $49.17. The firm has a market cap of $14.66 billion, a PE ratio of 4.35, a P/E/G ratio of 0.43 and a beta of 0.94. The firm has a 50 day simple moving average of $36.73 and a 200 day simple moving average of $39.29. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.69 and a quick ratio of 1.69.

KB Financial Group (NYSE:KB – Get Rating) last released its earnings results on Thursday, March 2nd. The bank reported $0.60 EPS for the quarter. KB Financial Group had a net margin of 15.59% and a return on equity of 11.56%. The business had revenue of $3.43 billion during the quarter. Equities research analysts forecast that KB Financial Group Inc. will post 9.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on KB shares. Bank of America reduced their price target on shares of KB Financial Group from $55.38 to $46.15 in a research note on Wednesday, March 1st. StockNews.com initiated coverage on shares of KB Financial Group in a research note on Thursday, May 18th. They set a “buy” rating for the company.

KB Financial Group Company Profile

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KB Financial Group, Inc engages in providing financial services through its subsidiaries. It operates through the following segments: Corporate Banking, Retail Banking, Other Banking Services, Credit Card, Life Insurance, Investment and Securities business. The Corporate Banking business segment provides services such as loans, overdrafts, deposits, credit facilities and other foreign currency activities.