SVB Wealth LLC Takes Position in KB Financial Group Inc. (NYSE:KB)

SVB Wealth LLC acquired a new stake in shares of KB Financial Group Inc. (NYSE:KB) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,492 shares of the bank’s stock, valued at approximately $312,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of KB Financial Group by 23.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 779,499 shares of the bank’s stock valued at $48,134,000 after buying an additional 145,861 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in KB Financial Group by 15.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank’s stock worth $26,332,000 after purchasing an additional 56,400 shares during the period. Public Employees Retirement System of Ohio purchased a new position in KB Financial Group in the 3rd quarter worth $7,291,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in KB Financial Group by 46.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 93,850 shares of the bank’s stock worth $5,795,000 after purchasing an additional 29,850 shares during the period. Finally, Gilman Hill Asset Management LLC raised its position in KB Financial Group by 1.5% in the 4th quarter. Gilman Hill Asset Management LLC now owns 67,138 shares of the bank’s stock worth $3,820,000 after purchasing an additional 961 shares during the period. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Morgan Stanley upgraded shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th. StockNews.com cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday.

KB Financial Group Price Performance

Shares of NYSE:KB opened at $54.36 on Thursday. The stock has a market cap of $21.39 billion, a PE ratio of 6.34, a PEG ratio of 0.52 and a beta of 0.99. KB Financial Group Inc. has a 52 week low of $45.59 and a 52 week high of $72.89. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The company’s fifty day moving average is $58.77 and its 200 day moving average is $62.46.

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.