Bank of America Corp DE Raises Stock Position in KB Financial Group Inc $KB

Bank of America Corp DE grew its stake in shares of KB Financial Group Inc (NYSE:KB) by 20.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,068,416 shares of the bank’s stock after acquiring an additional 180,590 shares during the period. Bank of America Corp DE’s holdings in KB Financial Group were worth $106,553,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of KB. Brown Brothers Harriman & Co. raised its stake in shares of KB Financial Group by 131.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock worth $35,000 after buying an additional 229 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of KB Financial Group during the 4th quarter worth approximately $39,000. Leonteq Securities AG acquired a new stake in KB Financial Group during the 4th quarter valued at $43,000. Triumph Capital Management acquired a new stake in KB Financial Group during the 3rd quarter valued at $46,000. Finally, Bell Investment Advisors Inc boosted 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. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, June 24th. Zacks Research raised shares of 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 reiterated a “buy” rating on shares of KB Financial Group in a report on Wednesday, July 1st. One investment 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 a consensus rating of “Buy”.

KB Financial Group Stock Up 2.2%

KB opened at $123.97 on Friday. KB Financial Group Inc has a 12 month low of $76.31 and a 12 month high of $125.66. The business has a 50-day moving average of $111.97 and a two-hundred day moving average of $107.07. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $43.97 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 0.73 and a beta of 1.01.

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.