XTX Topco Ltd acquired a new position in KB Financial Group Inc. (NYSE:KB - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,530 shares of the bank's stock, valued at approximately $527,000.
Several other large investors also recently added to or reduced their stakes in KB. BOCHK Asset Management Ltd purchased a new stake in KB Financial Group in the 3rd quarter worth $25,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of KB Financial Group by 66.1% during the 2nd 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 during the last quarter. Venturi Wealth Management LLC boosted its stake 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 valued at $67,000 after buying an additional 1,044 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of KB Financial Group by 36.9% in the third quarter. GAMMA Investing LLC now owns 1,279 shares of the bank's stock valued at $79,000 after purchasing an additional 345 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of KB Financial Group by 5.7% in the 3rd quarter. CWM LLC now owns 2,851 shares of the bank's stock worth $176,000 after buying an additional 155 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors.
KB Financial Group Stock Down 2.4 %
KB stock traded down $1.43 during trading on Friday, hitting $59.40. 165,378 shares of the company's stock traded hands, compared to its average volume of 201,509. The firm has a market capitalization of $23.38 billion, a P/E ratio of 6.92, a PEG ratio of 0.53 and a beta of 0.96. KB Financial Group Inc. has a 1 year low of $36.57 and a 1 year 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 business has a fifty day simple moving average of $66.34 and a two-hundred day simple moving average of $62.68.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. Morgan Stanley raised KB Financial Group from an "equal weight" rating to an "overweight" rating in a research note on Thursday. StockNews.com upgraded shares of KB Financial Group from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th.
Check Out Our Latest Stock Report on KB Financial Group
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.
Further Reading
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 "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for December 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
