Marshall Wace LLP Lowers Position in KB Financial Group Inc $KB

Marshall Wace LLP decreased its stake in shares of KB Financial Group Inc (NYSE:KB) by 40.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 168,857 shares of the bank’s stock after selling 113,161 shares during the period. Marshall Wace LLP’s holdings in KB Financial Group were worth $13,946,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Guggenheim Capital LLC raised its position in KB Financial Group by 15.7% in the 2nd quarter. Guggenheim Capital LLC now owns 22,225 shares of the bank’s stock valued at $1,836,000 after buying an additional 3,016 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of KB Financial Group by 11.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,692 shares of the bank’s stock worth $553,000 after acquiring an additional 684 shares in the last quarter. Invesco Ltd. raised its holdings in shares of KB Financial Group by 508.9% in the second quarter. Invesco Ltd. now owns 152,939 shares of the bank’s stock valued at $12,631,000 after purchasing an additional 127,823 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of KB Financial Group during the second quarter valued at about $393,000. Finally, Shelton Capital Management purchased a new position in KB Financial Group during the second quarter worth about $364,000. Institutional investors own 11.52% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of KB Financial Group in a research report on Monday, December 1st. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

KB Financial Group Stock Up 0.1%

KB opened at $86.54 on Wednesday. KB Financial Group Inc has a twelve month low of $46.38 and a twelve month high of $92.39. The company’s 50-day moving average price is $83.85 and its two-hundred day moving average price is $81.96. The stock has a market cap of $33.01 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 0.70 and a beta of 1.11. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 2.38.

KB Financial Group 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.