Cerity Partners LLC Acquires 14,008 Shares of KB Financial Group Inc. (NYSE:KB)

Cerity Partners LLC grew its position in KB Financial Group Inc. (NYSE:KB - Free Report) by 69.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,134 shares of the bank's stock after purchasing an additional 14,008 shares during the quarter. Cerity Partners LLC's holdings in KB Financial Group were worth $2,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of KB Financial Group by 23.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 779,499 shares of the bank's stock worth $48,134,000 after acquiring an additional 145,861 shares in the last quarter. Boston Partners lifted its position in KB Financial Group by 195.1% in the first quarter. Boston Partners now owns 100,447 shares of the bank's stock worth $5,233,000 after buying an additional 66,413 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in KB Financial Group during the third quarter worth $3,516,000. NINE MASTS CAPITAL Ltd bought a new position in KB Financial Group during the second quarter valued at $2,038,000. Finally, American Century Companies Inc. raised its stake in shares of KB Financial Group by 7.1% in the second quarter. American Century Companies Inc. now owns 511,542 shares of the bank's stock valued at $28,958,000 after acquiring an additional 33,900 shares during the period. 11.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, 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 Trading Down 0.2 %

Shares of KB stock traded down $0.17 on Monday, reaching $68.76. 78,599 shares of the company's stock were exchanged, compared to its average volume of 192,417. The company's fifty day simple moving average is $66.35 and its 200 day simple moving average is $62.52. KB Financial Group Inc. has a 52 week low of $36.57 and a 52 week 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 stock has a market capitalization of $27.06 billion, a PE ratio of 8.01, a P/E/G ratio of 0.61 and a beta of 0.97.

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.