KB Financial Group Inc (KB) Stake Boosted by Citigroup Inc.
Citigroup Inc. lifted its holdings in KB Financial Group Inc (NYSE:KB) by 10.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,991 shares of the bank’s stock after acquiring an additional 2,605 shares during the period. Citigroup Inc.’s holdings in KB Financial Group were worth $1,414,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in KB. BNP Paribas Arbitrage SA grew its stake in KB Financial Group by 75.1% during the second quarter. BNP Paribas Arbitrage SA now owns 3,080 shares of the bank’s stock valued at $156,000 after acquiring an additional 1,321 shares in the last quarter. US Bancorp DE increased its holdings in KB Financial Group by 12.9% in the 1st quarter. US Bancorp DE now owns 4,636 shares of the bank’s stock valued at $204,000 after acquiring an additional 528 shares during the last quarter. Paloma Partners Management Co bought a new stake in KB Financial Group in the 1st quarter valued at $242,000. Ativo Capital Management LLC bought a new stake in KB Financial Group in the 1st quarter valued at $245,000. Finally, M&T Bank Corp bought a new stake in KB Financial Group in the 1st quarter valued at $249,000. 5.63% of the stock is owned by hedge funds and other institutional investors.
KB has been the topic of several research analyst reports. BidaskClub upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Zacks Investment Research lowered 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 research report on Wednesday, August 9th. They set an “overweight” rating for the company.
KB Financial Group Inc (NYSE:KB) opened at 49.26 on Tuesday. The stock has a market cap of $19.53 billion, a PE ratio of 7.63 and a beta of 1.19. KB Financial Group Inc has a 12-month low of $34.02 and a 12-month high of $54.36. The firm’s 50-day moving average price is $48.53 and its 200 day moving average price is $47.95.
WARNING: This news story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another publication, it was illegally copied and republished in violation of U.S. & international copyright and trademark law. The original version of this news story can be read at https://www.thecerbatgem.com/2017/10/03/kb-financial-group-inc-kb-stake-boosted-by-citigroup-inc.html.
KB Financial Group Company Profile
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.
Want to see what other hedge funds are holding KB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Financial Group Inc (NYSE:KB).
Receive News & Stock Ratings for KB Financial Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Financial Group Inc and related stocks with our FREE daily email newsletter.