SVB Wealth LLC Makes New Investment in KB Financial Group Inc. (NYSE:KB)

SVB Wealth LLC purchased a new position in KB Financial Group Inc. (NYSE:KB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,492 shares of the bank’s stock, valued at approximately $312,000.

A number of other large investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. increased its position in shares of KB Financial Group by 2.4% during the fourth quarter. QRG Capital Management Inc. now owns 12,269 shares of the bank’s stock valued at $698,000 after buying an additional 284 shares during the period. NewEdge Wealth LLC increased its position in shares of KB Financial Group by 3.2% during the fourth quarter. NewEdge Wealth LLC now owns 58,351 shares of the bank’s stock valued at $3,320,000 after buying an additional 1,806 shares during the period. Bank of New York Mellon Corp increased its position in shares of KB Financial Group by 5.6% during the fourth quarter. Bank of New York Mellon Corp now owns 13,106 shares of the bank’s stock valued at $746,000 after buying an additional 694 shares during the period. Hudson Edge Investment Partners Inc. increased its position in shares of KB Financial Group by 5.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock valued at $198,000 after buying an additional 168 shares during the period. Finally, Sanctuary Advisors LLC increased its position in shares of KB Financial Group by 3.5% during the fourth quarter. Sanctuary Advisors LLC now owns 10,605 shares of the bank’s stock valued at $661,000 after buying an additional 362 shares during the period. Institutional investors own 11.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KB. Morgan Stanley upgraded shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th. StockNews.com cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday.

KB Financial Group Price Performance

Shares of KB opened at $54.36 on Thursday. The stock has a market cap of $21.39 billion, a PE ratio of 6.34, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. KB Financial Group Inc. has a fifty-two week low of $45.59 and a fifty-two week high of $72.89. The firm’s 50-day simple moving average is $58.77 and its two-hundred day simple moving average is $62.46.

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.