Quantinno Capital Management LP Acquires 28,546 Shares of KB Financial Group Inc $KB

Quantinno Capital Management LP raised its holdings in KB Financial Group Inc (NYSE:KB) by 39.0% in the 1st quarter, HoldingsChannel reports. The fund owned 101,805 shares of the bank’s stock after acquiring an additional 28,546 shares during the period. Quantinno Capital Management LP’s holdings in KB Financial Group were worth $10,153,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bell Investment Advisors Inc raised its stake in shares of KB Financial Group by 29.3% during the first quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock valued at $48,000 after acquiring an additional 108 shares during the last quarter. Seeds Investor LLC grew its stake in shares of KB Financial Group by 1.8% in the fourth quarter. Seeds Investor LLC now owns 6,606 shares of the bank’s stock worth $568,000 after purchasing an additional 114 shares during the last quarter. HighTower Advisors LLC increased its holdings in KB Financial Group by 2.1% in the fourth quarter. HighTower Advisors LLC now owns 5,821 shares of the bank’s stock valued at $501,000 after purchasing an additional 118 shares during the period. Drive Wealth Management LLC increased its holdings in KB Financial Group by 3.5% in the fourth quarter. Drive Wealth Management LLC now owns 3,515 shares of the bank’s stock valued at $302,000 after purchasing an additional 120 shares during the period. Finally, First Horizon Corp raised its position in KB Financial Group by 36.2% during the 1st quarter. First Horizon Corp now owns 489 shares of the bank’s stock worth $49,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Trading Up 0.1%

NYSE:KB opened at $120.25 on Wednesday. KB Financial Group Inc has a 52 week low of $76.31 and a 52 week high of $125.62. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.64 and a current ratio of 1.64. The firm’s fifty day moving average is $110.75 and its 200-day moving average is $106.50. The firm has a market cap of $42.65 billion, a P/E ratio of 10.79, a P/E/G ratio of 0.72 and a beta of 1.01.

Analyst Ratings Changes

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a report on Wednesday, June 24th. Zacks Research raised KB Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of KB Financial Group in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

KB Financial Group 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.