Public Employees Retirement System of Ohio Purchases New Holdings in KB Financial Group Inc. (NYSE:KB)

Public Employees Retirement System of Ohio purchased a new position in shares of KB Financial Group Inc. (NYSE:KB - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 118,071 shares of the bank's stock, valued at approximately $7,291,000.

Several other hedge funds have also recently added to or reduced their stakes in KB. BOCHK Asset Management Ltd purchased a new stake in shares of KB Financial Group in the third quarter valued at approximately $25,000. Benjamin F. Edwards & Company Inc. grew its holdings in KB Financial Group by 66.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank's stock valued at $44,000 after buying an additional 310 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of KB Financial Group by 2,427.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank's stock worth $67,000 after acquiring an additional 1,044 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of KB Financial Group by 36.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,279 shares of the bank's stock worth $79,000 after acquiring an additional 345 shares during the period. Finally, CWM LLC boosted its position in shares of KB Financial Group by 5.7% during the 3rd quarter. CWM LLC now owns 2,851 shares of the bank's stock valued at $176,000 after acquiring an additional 155 shares during the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KB has been the topic of a number of research analyst reports. Morgan Stanley upgraded KB Financial Group from an "equal weight" rating to an "overweight" rating in a research report on Thursday. StockNews.com upgraded shares of KB Financial Group from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th.

KB Financial Group Stock Down 2.3 %

Shares of KB traded down $1.40 during midday trading on Friday, reaching $59.43. The stock had a trading volume of 148,521 shares, compared to its average volume of 201,509. The company has a market cap of $23.39 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 0.53 and a beta of 0.96. The company's fifty day simple moving average is $66.38 and its two-hundred day simple moving average is $62.66. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. KB Financial Group Inc. has a 1-year low of $36.57 and a 1-year high of $72.89.

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.