Blue Trust Inc. Boosts Stake in KB Financial Group Inc. (NYSE:KB)

Blue Trust Inc. grew its holdings in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 30.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,868 shares of the bank's stock after buying an additional 8,625 shares during the quarter. Blue Trust Inc.'s holdings in KB Financial Group were worth $2,277,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in KB. Creative Planning raised its holdings in shares of KB Financial Group by 9.5% in the third quarter. Creative Planning now owns 86,130 shares of the bank's stock valued at $5,319,000 after purchasing an additional 7,494 shares during the last quarter. FMR LLC lifted its holdings in KB Financial Group by 121.6% during the third quarter. FMR LLC now owns 33,642 shares of the bank's stock worth $2,077,000 after acquiring an additional 18,459 shares during the period. Cerity Partners LLC boosted its position in KB Financial Group by 69.6% in the third quarter. Cerity Partners LLC now owns 34,134 shares of the bank's stock worth $2,108,000 after purchasing an additional 14,008 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in KB Financial Group by 412.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,163 shares of the bank's stock valued at $1,430,000 after buying an additional 18,645 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of KB Financial Group by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 21,371 shares of the bank's stock worth $1,320,000 after purchasing an additional 308 shares during the last quarter. 11.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. StockNews.com raised KB Financial Group from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Morgan Stanley raised KB Financial Group from an "equal weight" rating to an "overweight" rating in a research report on Thursday, December 12th.

KB Financial Group Stock Performance

Shares of KB stock traded up $0.11 during trading on Friday, reaching $62.41. 80,817 shares of the company's stock traded hands, compared to its average volume of 138,530. KB Financial Group Inc. has a 1 year low of $41.95 and a 1 year high of $72.89. The company has a market capitalization of $24.56 billion, a P/E ratio of 7.27, a PEG ratio of 0.47 and a beta of 0.99. 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's 50-day moving average is $61.48 and its 200 day moving average is $63.11.

KB Financial Group Company 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.