NewEdge Wealth LLC Grows Stock Holdings in KB Financial Group Inc. (NYSE:KB)

NewEdge Wealth LLC grew its holdings in shares of KB Financial Group Inc. (NYSE:KB) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 58,351 shares of the bank’s stock after purchasing an additional 1,806 shares during the period. NewEdge Wealth LLC’s holdings in KB Financial Group were worth $3,320,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of KB Financial Group by 23.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 779,499 shares of the bank’s stock valued at $48,134,000 after purchasing an additional 145,861 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in KB Financial Group by 15.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank’s stock worth $26,332,000 after acquiring an additional 56,400 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in KB Financial Group in the 3rd quarter worth approximately $7,291,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in KB Financial Group by 46.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 93,850 shares of the bank’s stock worth $5,795,000 after acquiring an additional 29,850 shares during the last quarter. Finally, Gilman Hill Asset Management LLC raised its holdings in KB Financial Group by 1.5% in the 4th quarter. Gilman Hill Asset Management LLC now owns 67,138 shares of the bank’s stock worth $3,820,000 after acquiring an additional 961 shares during the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

KB Financial Group Trading Down 2.4 %

NYSE:KB opened at $54.29 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. KB Financial Group Inc. has a 12 month low of $45.59 and a 12 month high of $72.89. The company has a market cap of $21.36 billion, a PE ratio of 6.33, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. The company has a 50 day simple moving average of $59.11 and a two-hundred day simple moving average of $62.64.

Analysts Set New Price Targets

KB has been the subject of a number of recent analyst reports. Morgan Stanley upgraded shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th. StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th.

About KB Financial Group

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.