Raymond James Financial Services Advisors Inc. raised its position in KB Financial Group Inc. (NYSE:KB – Free Report) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,093 shares of the bank’s stock after acquiring an additional 394 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in KB Financial Group were worth $252,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP increased its position in KB Financial Group by 125.1% during the 3rd quarter. Allworth Financial LP now owns 1,166 shares of the bank’s stock valued at $48,000 after purchasing an additional 648 shares during the period. CWM LLC increased its position in shares of KB Financial Group by 18.9% during the third quarter. CWM LLC now owns 2,144 shares of the bank’s stock valued at $88,000 after buying an additional 341 shares during the period. Quantbot Technologies LP bought a new position in KB Financial Group in the third quarter worth about $179,000. Shelton Capital Management purchased a new stake in KB Financial Group in the third quarter worth about $201,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of KB Financial Group by 11.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,924 shares of the bank’s stock worth $202,000 after acquiring an additional 517 shares during the period. 11.52% of the stock is owned by institutional investors.
KB Financial Group Stock Up 1.8 %
NYSE:KB opened at $50.83 on Wednesday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.67 and a quick ratio of 1.69. The firm’s 50-day moving average price is $50.99 and its 200-day moving average price is $44.54. The company has a market capitalization of $20.51 billion, a PE ratio of 5.76, a P/E/G ratio of 0.37 and a beta of 1.03. KB Financial Group Inc. has a 1-year low of $35.20 and a 1-year high of $58.52.
Analyst Ratings Changes
Separately, StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 13th.
Read Our Latest Research Report on KB
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.
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