Ballentine Partners LLC Grows Position in KB Financial Group Inc. (NYSE:KB)

Ballentine Partners LLC increased its position in shares of KB Financial Group Inc. (NYSE:KB) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,312 shares of the bank’s stock after purchasing an additional 685 shares during the period. Ballentine Partners LLC’s holdings in KB Financial Group were worth $1,326,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Gilman Hill Asset Management LLC lifted its holdings in KB Financial Group by 1.5% during the 4th quarter. Gilman Hill Asset Management LLC now owns 67,138 shares of the bank’s stock valued at $3,820,000 after buying an additional 961 shares in the last quarter. Aprio Wealth Management LLC lifted its holdings in KB Financial Group by 14.6% during the 4th quarter. Aprio Wealth Management LLC now owns 9,171 shares of the bank’s stock valued at $522,000 after buying an additional 1,171 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in KB Financial Group during the 3rd quarter valued at about $35,000. Sanctuary Advisors LLC lifted its holdings in KB Financial Group by 11.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,243 shares of the bank’s stock valued at $633,000 after buying an additional 1,085 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in KB Financial Group by 15.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank’s stock valued at $26,332,000 after buying an additional 56,400 shares in the last quarter. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Trading Up 2.6 %

NYSE:KB opened at $62.87 on Wednesday. KB Financial Group Inc. has a one year low of $36.73 and a one year high of $72.89. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $24.74 billion, a P/E ratio of 7.33, a P/E/G ratio of 0.47 and a beta of 0.99. The firm has a 50-day simple moving average of $62.07 and a 200-day simple moving average of $63.12.

Analyst Ratings Changes

KB has been the subject of a number of research 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, October 29th.

KB Financial Group Company Profile

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.