Summit Global Investments Invests $494,000 in KB Financial Group Inc $KB

Summit Global Investments bought a new stake in KB Financial Group Inc (NYSE:KB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,953 shares of the bank’s stock, valued at approximately $494,000.

A number of other large investors have also recently bought and sold shares of KB. First Horizon Advisors Inc. acquired a new position in KB Financial Group in the second quarter valued at $25,000. Parkside Financial Bank & Trust increased its position in KB Financial Group by 585.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock valued at $28,000 after acquiring an additional 287 shares during the period. First Horizon Corp purchased a new stake in KB Financial Group during the 3rd quarter valued at approximately $30,000. Hantz Financial Services Inc. raised its stake in KB Financial Group by 817.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 771 shares of the bank’s stock valued at $64,000 after acquiring an additional 687 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in KB Financial Group by 10,875.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 878 shares of the bank’s stock worth $73,000 after acquiring an additional 870 shares during the period. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on KB. Zacks Research cut KB Financial Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 18th. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, KB Financial Group currently has a consensus rating of “Hold”.

KB Financial Group Stock Down 3.1%

KB Financial Group stock opened at $93.88 on Friday. The stock’s 50 day moving average price is $87.97 and its 200 day moving average price is $84.15. KB Financial Group Inc has a 1-year low of $46.38 and a 1-year high of $100.19. The company has a market cap of $35.81 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 0.73 and a beta of 1.12. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.65 and a quick ratio of 1.65.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.