Renaissance Group LLC raised its stake in shares of KB Financial Group Inc (NYSE:KB) by 7.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 316,594 shares of the bank’s stock after buying an additional 22,753 shares during the period. Renaissance Group LLC owned 0.08% of KB Financial Group worth $15,985,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Profund Advisors LLC raised its position in shares of KB Financial Group by 24.8% in the first quarter. Profund Advisors LLC now owns 17,782 shares of the bank’s stock valued at $782,000 after buying an additional 3,536 shares during the last quarter. Greenleaf Trust raised its position in shares of KB Financial Group by 74.6% in the first quarter. Greenleaf Trust now owns 10,296 shares of the bank’s stock valued at $453,000 after buying an additional 4,399 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of KB Financial Group by 161.1% in the first quarter. Wells Fargo & Company MN now owns 330,633 shares of the bank’s stock valued at $14,537,000 after buying an additional 203,991 shares during the last quarter. Eqis Capital Management Inc. raised its position in shares of KB Financial Group by 2.8% in the first quarter. Eqis Capital Management Inc. now owns 21,722 shares of the bank’s stock valued at $955,000 after buying an additional 597 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of KB Financial Group by 12.9% in the first quarter. US Bancorp DE now owns 4,636 shares of the bank’s stock valued at $204,000 after buying an additional 528 shares during the last quarter. 5.63% of the stock is currently owned by hedge funds and other institutional investors.

KB Financial Group Inc (NYSE KB) opened at 50.51 on Tuesday. The firm has a market cap of $20.03 billion, a P/E ratio of 7.86 and a beta of 1.20. KB Financial Group Inc has a one year low of $33.47 and a one year high of $54.36. The firm’s 50-day moving average price is $51.18 and its 200 day moving average price is $46.79.

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Several equities analysts recently weighed in on KB shares. BidaskClub raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Zacks Investment Research lowered shares of KB Financial Group from a “strong-buy” rating to a “sell” rating in a research report on Friday, July 14th. Finally, J P Morgan Chase & Co started coverage on KB Financial Group in a report on Wednesday, August 9th. They set an “overweight” rating on the stock.

About KB Financial Group

KB Financial Group Inc is a financial holding company in Korea. The Company’s operations include Kookmin Bank, a commercial bank in Korea. The Company operates through six business segments: retail banking operations, corporate banking operations, other banking operations, credit card operations, investment and securities operations, and life insurance operations.

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Institutional Ownership by Quarter for KB Financial Group (NYSE:KB)

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