Bank of New York Mellon Corp cut its position in shares of KB Financial Group, Inc. (NYSE:KB) by 4.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,178 shares of the bank’s stock after selling 5,224 shares during the period. Bank of New York Mellon Corp’s holdings in KB Financial Group were worth $5,010,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in shares of KB Financial Group by 75.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,080 shares of the bank’s stock worth $156,000 after acquiring an additional 1,321 shares in the last quarter. Simplex Trading LLC raised its position in shares of KB Financial Group by 1,773.8% in the 3rd quarter. Simplex Trading LLC now owns 3,654 shares of the bank’s stock worth $179,000 after acquiring an additional 3,459 shares in the last quarter. Advisor Group Inc. raised its position in shares of KB Financial Group by 45.2% in the 2nd quarter. Advisor Group Inc. now owns 4,401 shares of the bank’s stock worth $220,000 after acquiring an additional 1,370 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of KB Financial Group by 11.2% in the 2nd quarter. Eagle Asset Management Inc. now owns 7,121 shares of the bank’s stock worth $359,000 after acquiring an additional 715 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of KB Financial Group by 819.7% in the 3rd quarter. Sei Investments Co. now owns 9,307 shares of the bank’s stock worth $456,000 after acquiring an additional 8,295 shares in the last quarter. 5.92% of the stock is owned by institutional investors and hedge funds.

KB Financial Group, Inc. (NYSE KB) opened at $58.51 on Tuesday. KB Financial Group, Inc. has a one year low of $35.16 and a one year high of $59.15. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market capitalization of $23,462.68, a price-to-earnings ratio of 9.09, a P/E/G ratio of 0.43 and a beta of 1.20.

Several research firms have recently commented on KB. TheStreet lowered KB Financial Group from a “b-” rating to a “c” rating in a research report on Monday, November 27th. Zacks Investment Research raised KB Financial Group from a “sell” rating to a “hold” rating and set a $60.00 price target for the company in a research report on Saturday, October 28th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $60.00.

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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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