Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 23.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 779,499 shares of the bank's stock after buying an additional 145,861 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.20% of KB Financial Group worth $48,134,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. BOCHK Asset Management Ltd acquired a new position in shares of KB Financial Group during the 3rd quarter worth $25,000. Hilltop National Bank bought a new stake in shares of KB Financial Group in the 2nd quarter worth approximately $34,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of KB Financial Group by 66.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank's stock valued at $44,000 after purchasing an additional 310 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of KB Financial Group by 35.6% in the second quarter. GAMMA Investing LLC now owns 934 shares of the bank's stock worth $53,000 after buying an additional 245 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in KB Financial Group by 2,427.9% during the third quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank's stock worth $67,000 after buying an additional 1,044 shares in the last quarter. Hedge funds and other institutional investors own 11.52% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of KB Financial Group from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th.
View Our Latest Stock Report on KB
KB Financial Group Trading Up 3.1 %
Shares of NYSE KB traded up $2.07 during trading on Wednesday, reaching $67.92. The company had a trading volume of 126,155 shares, compared to its average volume of 195,235. KB Financial Group Inc. has a 12 month low of $36.57 and a 12 month high of $72.89. 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 stock has a market cap of $26.73 billion, a P/E ratio of 7.67, a PEG ratio of 0.56 and a beta of 0.97. The company's fifty day moving average price is $64.91 and its 200-day moving average price is $61.73.
About KB Financial Group
(
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.
Featured Articles
Before you consider KB Financial Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KB Financial Group wasn't on the list.
While KB Financial Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
