Banque Pictet & Cie SA acquired a new stake in KB Financial Group Inc. (NYSE:KB - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,976 shares of the bank's stock, valued at approximately $283,000.
Other institutional investors also recently modified their holdings of the company. CWM LLC grew its stake in shares of KB Financial Group by 5.7% in the 3rd quarter. CWM LLC now owns 2,851 shares of the bank's stock worth $176,000 after acquiring an additional 155 shares in the last quarter. Bleakley Financial Group LLC grew its stake in shares of KB Financial Group by 1.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 13,248 shares of the bank's stock worth $818,000 after acquiring an additional 208 shares in the last quarter. Centiva Capital LP grew its stake in shares of KB Financial Group by 6.0% in the 3rd quarter. Centiva Capital LP now owns 5,034 shares of the bank's stock worth $311,000 after acquiring an additional 283 shares in the last quarter. Adero Partners LLC grew its stake in shares of KB Financial Group by 6.1% in the 3rd quarter. Adero Partners LLC now owns 5,097 shares of the bank's stock worth $315,000 after acquiring an additional 295 shares in the last quarter. Finally, Ballentine Partners LLC grew its stake in shares of KB Financial Group by 1.4% in the 3rd quarter. Ballentine Partners LLC now owns 22,627 shares of the bank's stock worth $1,397,000 after acquiring an additional 305 shares in the last quarter. Institutional investors and hedge funds own 11.52% of the company's stock.
KB Financial Group Stock Performance
Shares of NYSE KB traded down $0.28 during midday trading on Wednesday, hitting $57.21. The company's stock had a trading volume of 135,884 shares, compared to its average volume of 162,372. The stock has a fifty day moving average price of $59.56 and a 200 day moving average price of $62.86. KB Financial Group Inc. has a one year low of $45.59 and a one year high of $72.89. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. The firm has a market capitalization of $22.51 billion, a price-to-earnings ratio of 6.67, a P/E/G ratio of 0.44 and a beta of 0.99.
Wall Street Analyst Weigh In
Several analysts have commented on KB shares. StockNews.com raised shares of KB Financial Group from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Morgan Stanley raised shares of KB Financial Group from an "equal weight" rating to an "overweight" rating in a research report on Thursday, December 12th.
Read Our Latest Research Report on KB
KB Financial Group Profile
(
Free Report)
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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