Thomas White International Ltd. boosted its stake in shares of KB Financial Group, Inc. (NYSE:KB) by 40.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,570 shares of the bank’s stock after purchasing an additional 55,858 shares during the quarter. KB Financial Group comprises approximately 1.3% of Thomas White International Ltd.’s investment portfolio, making the stock its 15th biggest position. Thomas White International Ltd.’s holdings in KB Financial Group were worth $7,211,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in KB. Federated Investors Inc. PA bought a new position in KB Financial Group during the third quarter worth $9,506,000. Investec Asset Management LTD bought a new position in KB Financial Group during the fourth quarter worth $4,013,000. FNY Investment Advisers LLC bought a new position in KB Financial Group during the first quarter worth $2,844,000. Henry James International Management Inc. boosted its position in KB Financial Group by 133.7% during the fourth quarter. Henry James International Management Inc. now owns 53,765 shares of the bank’s stock worth $2,257,000 after purchasing an additional 30,761 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of KB Financial Group by 26.0% during the third quarter. Bank of New York Mellon Corp now owns 125,388 shares of the bank’s stock worth $6,053,000 after buying an additional 25,890 shares in the last quarter. 6.09% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on KB shares. Zacks Investment Research downgraded KB Financial Group from a “hold” rating to a “sell” rating in a report on Friday, January 25th. CLSA raised KB Financial Group from an “underperform” rating to an “outperform” rating in a report on Wednesday, March 27th. Finally, Goldman Sachs Group started coverage on KB Financial Group in a report on Sunday, March 31st. They set a “buy” rating for the company. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. KB Financial Group currently has a consensus rating of “Hold” and an average price target of $61.00.
Shares of KB traded up $0.13 during midday trading on Tuesday, reaching $38.83. 1,438 shares of the stock were exchanged, compared to its average volume of 177,283. KB Financial Group, Inc. has a twelve month low of $35.89 and a twelve month high of $53.31. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.64 and a current ratio of 1.61. The company has a market capitalization of $15.27 billion, a P/E ratio of 4.92, a P/E/G ratio of 1.18 and a beta of 0.77.
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KB Financial Group Company Profile
KB Financial Group Inc, a financial holding company, provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. It operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.
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