KB Financial Group Inc (KB) Shares Bought by Macquarie Group Ltd.
Macquarie Group Ltd. increased its position in KB Financial Group Inc (NYSE:KB) by 0.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 883,160 shares of the bank’s stock after purchasing an additional 1,200 shares during the quarter. Macquarie Group Ltd. owned approximately 0.21% of KB Financial Group worth $43,301,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. raised its stake in shares of KB Financial Group by 19.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 51,562 shares of the bank’s stock worth $2,528,000 after purchasing an additional 8,342 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in KB Financial Group by 122.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 126,239 shares of the bank’s stock valued at $6,190,000 after buying an additional 69,500 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of KB Financial Group by 22.2% during the 3rd quarter. Advisor Group Inc. now owns 5,379 shares of the bank’s stock worth $264,000 after purchasing an additional 978 shares in the last quarter. Dorsey Wright & Associates grew its holdings in shares of KB Financial Group by 47.2% during the 3rd quarter. Dorsey Wright & Associates now owns 93,903 shares of the bank’s stock worth $4,653,000 after purchasing an additional 30,128 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of KB Financial Group by 819.7% during the 3rd quarter. Sei Investments Co. now owns 9,307 shares of the bank’s stock worth $456,000 after purchasing an additional 8,295 shares in the last quarter. Hedge funds and other institutional investors own 5.56% of the company’s stock.
Shares of KB Financial Group Inc (NYSE:KB) opened at $51.39 on Wednesday. The stock has a market capitalization of $21,400.00, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 0.40 and a beta of 1.17. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.61 and a quick ratio of 1.61. KB Financial Group Inc has a one year low of $34.62 and a one year high of $54.36.
A number of brokerages have recently issued reports on KB. Zacks Investment Research upgraded KB Financial Group from a “sell” rating to a “hold” rating and set a $60.00 price objective for the company in a research report on Saturday, October 28th. J P Morgan Chase & Co initiated coverage on KB Financial Group in a research note on Wednesday, August 9th. They set an “overweight” rating for the company. Finally, BidaskClub cut KB Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, August 11th.
TRADEMARK VIOLATION WARNING: This news story was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/11/22/kb-financial-group-inc-kb-shares-bought-by-macquarie-group-ltd.html.
KB Financial Group 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.