KB Financial Group Inc. (NYSE:KB) Shares Acquired by Fmr LLC

Fmr LLC lifted its position in shares of KB Financial Group Inc. (NYSE:KB) by 121.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,642 shares of the bank’s stock after buying an additional 18,459 shares during the quarter. Fmr LLC’s holdings in KB Financial Group were worth $2,077,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KB. Wealth Enhancement Advisory Services LLC acquired a new position in shares of KB Financial Group during the 2nd quarter worth $256,000. Blue Trust Inc. lifted its holdings in KB Financial Group by 452.2% in the 2nd quarter. Blue Trust Inc. now owns 8,018 shares of the bank’s stock valued at $417,000 after purchasing an additional 6,566 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new position in KB Financial Group in the 2nd quarter valued at about $222,000. Calamos Wealth Management LLC lifted its holdings in KB Financial Group by 69.6% in the 2nd quarter. Calamos Wealth Management LLC now owns 32,825 shares of the bank’s stock valued at $1,858,000 after purchasing an additional 13,471 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in KB Financial Group by 13.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,714 shares of the bank’s stock valued at $720,000 after purchasing an additional 1,541 shares in the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

KB Financial Group Price Performance

NYSE:KB opened at $59.40 on Friday. KB Financial Group Inc. has a 12-month low of $36.57 and a 12-month high of $72.89. The company’s 50-day moving average is $66.34 and its two-hundred day moving average is $62.68. 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 $23.38 billion, a price-to-earnings ratio of 6.92, a price-to-earnings-growth ratio of 0.53 and a beta of 0.96.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Morgan Stanley upgraded shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday.

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.