Orion Portfolio Solutions LLC Acquires 1,280 Shares of KB Financial Group Inc. (NYSE:KB)

Orion Portfolio Solutions LLC grew its position in shares of KB Financial Group Inc. (NYSE:KB) by 18.6% during the third quarter, HoldingsChannel.com reports. The firm owned 8,152 shares of the bank’s stock after purchasing an additional 1,280 shares during the period. Orion Portfolio Solutions LLC’s holdings in KB Financial Group were worth $503,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KB. Connor Clark & Lunn Investment Management Ltd. grew its holdings in KB Financial Group by 23.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 779,499 shares of the bank’s stock worth $48,134,000 after buying an additional 145,861 shares in the last quarter. American Century Companies Inc. increased its stake in KB Financial Group by 7.1% in the 2nd quarter. American Century Companies Inc. now owns 511,542 shares of the bank’s stock worth $28,958,000 after acquiring an additional 33,900 shares during the last quarter. Acadian Asset Management LLC increased its stake in KB Financial Group by 3.9% in the 2nd quarter. Acadian Asset Management LLC now owns 267,625 shares of the bank’s stock worth $15,146,000 after acquiring an additional 10,014 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of KB Financial Group by 4.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 165,691 shares of the bank’s stock valued at $9,380,000 after purchasing an additional 7,809 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of KB Financial Group by 46.6% during 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 valued at $5,795,000 after purchasing an additional 29,850 shares during the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on KB. Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th. StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th.

KB Financial Group Price Performance

NYSE:KB opened at $58.37 on Wednesday. KB Financial Group Inc. has a 12 month low of $36.57 and a 12 month high of $72.89. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. The business’s 50-day moving average is $66.10 and its 200 day moving average is $62.78. The company has a market capitalization of $22.97 billion, a P/E ratio of 6.80, a P/E/G ratio of 0.53 and a beta of 0.96.

KB Financial Group 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.