Optas LLC Makes New $261,000 Investment in KB Financial Group Inc. (NYSE:KB)

Optas LLC bought a new position in KB Financial Group Inc. (NYSE:KB - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 4,579 shares of the bank's stock, valued at approximately $261,000.

Several other hedge funds have also made changes to their positions in KB. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of KB Financial Group by 23.0% in 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. Teachers Retirement System of The State of Kentucky increased its position in KB Financial Group by 15.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank's stock valued at $26,332,000 after buying an additional 56,400 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in KB Financial Group during the 3rd quarter valued at about $7,291,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in KB Financial Group by 46.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 93,850 shares of the bank's stock valued at $5,795,000 after buying an additional 29,850 shares in the last quarter. Finally, Creative Planning increased its position in KB Financial Group by 9.5% during the 3rd quarter. Creative Planning now owns 86,130 shares of the bank's stock valued at $5,319,000 after buying an additional 7,494 shares in the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

KB Financial Group Stock Performance

Shares of KB stock traded down $0.27 during mid-day trading on Friday, reaching $58.75. The stock had a trading volume of 120,793 shares, compared to its average volume of 140,828. The business's fifty day moving average is $60.38 and its 200-day moving average is $63.13. 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 cap of $23.12 billion, a price-to-earnings ratio of 6.85, a PEG ratio of 0.46 and a beta of 0.99. KB Financial Group Inc. has a 1-year low of $45.59 and a 1-year high of $72.89.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on KB shares. Morgan Stanley raised KB Financial Group from an "equal weight" rating to an "overweight" rating in a research report on Thursday, December 12th. StockNews.com lowered KB Financial Group from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd.

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.