Banque Pictet & Cie SA Acquires New Shares in KB Financial Group Inc. (NYSE:KB)

Banque Pictet & Cie SA acquired a new stake in KB Financial Group Inc. (NYSE:KB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,976 shares of the bank’s stock, valued at approximately $283,000.

Several other hedge funds have also recently bought and sold shares of the company. CWM LLC increased its position in KB Financial Group by 5.7% during the third quarter. CWM LLC now owns 2,851 shares of the bank’s stock worth $176,000 after buying an additional 155 shares in the last quarter. Bleakley Financial Group LLC increased its position in KB Financial Group by 1.6% during the third quarter. Bleakley Financial Group LLC now owns 13,248 shares of the bank’s stock worth $818,000 after buying an additional 208 shares in the last quarter. Centiva Capital LP increased its position in KB Financial Group by 6.0% during the third quarter. Centiva Capital LP now owns 5,034 shares of the bank’s stock worth $311,000 after buying an additional 283 shares in the last quarter. Adero Partners LLC increased its position in KB Financial Group by 6.1% during the third quarter. Adero Partners LLC now owns 5,097 shares of the bank’s stock worth $315,000 after buying an additional 295 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in KB Financial Group by 1.4% during the third quarter. Ballentine Partners LLC now owns 22,627 shares of the bank’s stock worth $1,397,000 after buying an additional 305 shares in the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

KB Financial Group Price Performance

KB stock opened at $55.75 on Friday. KB Financial Group Inc. has a 52-week low of $45.59 and a 52-week high of $72.89. The stock’s fifty day simple moving average is $59.61 and its 200-day simple moving average is $62.93. 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 stock has a market capitalization of $21.94 billion, a price-to-earnings ratio of 6.50, a price-to-earnings-growth ratio of 0.46 and a beta of 0.99.

Wall Street Analyst Weigh In

KB has been the subject of several recent research reports. StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Morgan Stanley raised KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th.

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.