KB Financial Group Inc. (NYSE:KB) Stock Holdings Lifted by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its stake in KB Financial Group Inc. (NYSE:KB - Free Report) by 15.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 426,430 shares of the bank's stock after acquiring an additional 56,400 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.11% of KB Financial Group worth $26,332,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in KB. Public Employees Retirement System of Ohio purchased a new position in KB Financial Group during the third quarter worth about $7,291,000. Orion Portfolio Solutions LLC increased its stake in KB Financial Group by 18.6% during the third quarter. Orion Portfolio Solutions LLC now owns 8,152 shares of the bank's stock worth $503,000 after acquiring an additional 1,280 shares during the last quarter. XTX Topco Ltd acquired a new stake in KB Financial Group during the third quarter worth about $527,000. Insigneo Advisory Services LLC acquired a new stake in KB Financial Group during the third quarter worth about $356,000. Finally, Stifel Financial Corp increased its stake in KB Financial Group by 1.5% during the third quarter. Stifel Financial Corp now owns 21,371 shares of the bank's stock worth $1,320,000 after acquiring an additional 308 shares during the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

KB Financial Group Stock Up 2.5 %

Shares of KB stock traded up $1.47 during trading hours on Wednesday, reaching $60.23. The company had a trading volume of 278,372 shares, compared to its average volume of 200,539. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. KB Financial Group Inc. has a twelve month low of $36.57 and a twelve month high of $72.89. The stock's fifty day simple moving average is $66.41 and its 200 day simple moving average is $62.69. The company has a market capitalization of $23.70 billion, a P/E ratio of 6.85, a price-to-earnings-growth ratio of 0.53 and a beta of 0.97.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded KB Financial Group from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th.

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.