B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 56,937 KB Financial Group Inc. (NYSE:KB)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in KB Financial Group Inc. (NYSE:KB - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 56,937 shares of the bank's stock, valued at approximately $3,516,000.

A number of other hedge funds have also recently made changes to their positions in the business. BOCHK Asset Management Ltd bought a new position in KB Financial Group in the 3rd quarter valued at about $25,000. Hilltop National Bank bought a new position in shares of KB Financial Group in the second quarter valued at approximately $34,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of KB Financial Group by 66.1% during the second 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 during the last quarter. GAMMA Investing LLC grew its holdings in KB Financial Group by 35.6% during the second quarter. GAMMA Investing LLC now owns 934 shares of the bank's stock worth $53,000 after buying an additional 245 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in 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 valued at $67,000 after buying an additional 1,044 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

KB Financial Group Stock Up 1.8 %

KB stock traded up $1.21 during trading on Thursday, reaching $69.13. The stock had a trading volume of 119,449 shares, compared to its average volume of 194,899. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The company has a market capitalization of $27.20 billion, a price-to-earnings ratio of 7.92, a P/E/G ratio of 0.58 and a beta of 0.97. KB Financial Group Inc. has a one year low of $36.57 and a one year high of $72.89. The company's 50 day moving average is $65.09 and its two-hundred day moving average is $61.77.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of KB Financial Group from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th.

KB Financial Group Profile

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.