Sei Investments Co. increased its stake in shares of KB Financial Group Inc. (NYSE:KB – Free Report) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 71,923 shares of the bank’s stock after purchasing an additional 1,077 shares during the quarter. Sei Investments Co.’s holdings in KB Financial Group were worth $4,072,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of KB. Hilltop National Bank bought a new stake in KB Financial Group in the second quarter worth about $34,000. GAMMA Investing LLC raised its holdings in shares of KB Financial Group by 98.0% in the first quarter. GAMMA Investing LLC now owns 689 shares of the bank’s stock worth $36,000 after buying an additional 341 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake 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 worth $44,000 after acquiring an additional 310 shares during the last quarter. Tucker Asset Management LLC purchased a new position in KB Financial Group during the 4th quarter valued at $68,000. Finally, Barometer Capital Management Inc. bought a new position in KB Financial Group in the 4th quarter valued at $120,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.
KB Financial Group Trading Up 0.7 %
Shares of KB opened at $61.55 on Thursday. The firm has a market capitalization of $24.84 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 0.44 and a beta of 0.99. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.67 and a quick ratio of 1.67. KB Financial Group Inc. has a 1-year low of $36.57 and a 1-year high of $67.40. The company has a 50-day moving average of $62.63 and a 200 day moving average of $58.08.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 27th.
View Our Latest Report on KB Financial Group
About KB Financial Group
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.
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