Suntrust Banks Inc. boosted its stake in shares of KB Financial Group Inc (NYSE:KB) by 3.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,493 shares of the bank’s stock after acquiring an additional 279 shares during the quarter. Suntrust Banks Inc.’s holdings in KB Financial Group were worth $478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in KB Financial Group by 118.6% during the 1st quarter. Bank of America Corp DE now owns 203,355 shares of the bank’s stock valued at $8,941,000 after acquiring an additional 110,337 shares during the period. Todd Asset Management LLC purchased a new stake in KB Financial Group during the 2nd quarter valued at about $2,121,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in KB Financial Group by 93.7% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 12,200 shares of the bank’s stock valued at $616,000 after acquiring an additional 5,900 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in KB Financial Group by 11.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 236,760 shares of the bank’s stock valued at $10,411,000 after acquiring an additional 24,395 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in KB Financial Group by 6.2% during the 2nd quarter. Fisher Asset Management LLC now owns 217,019 shares of the bank’s stock valued at $10,957,000 after acquiring an additional 12,672 shares during the period. Institutional investors own 5.63% of the company’s stock.

KB has been the subject of several analyst reports. BidaskClub upgraded KB Financial Group from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research upgraded KB Financial Group from a “sell” rating to a “buy” rating and set a $58.00 target price for the company in a report on Friday, July 21st. Finally, J P Morgan Chase & Co initiated coverage on KB Financial Group in a report on Wednesday, August 9th. They set an “overweight” rating for the company.

Shares of KB Financial Group Inc (KB) opened at 50.72 on Wednesday. The company’s 50-day moving average price is $48.50 and its 200 day moving average price is $48.15. KB Financial Group Inc has a one year low of $34.02 and a one year high of $54.36. The stock has a market capitalization of $20.11 billion, a PE ratio of 7.86 and a beta of 1.19.

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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.

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

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