Optas LLC Takes $261,000 Position in KB Financial Group Inc. (NYSE:KB)

Optas LLC bought a new position in KB Financial Group Inc. (NYSE:KB) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 4,579 shares of the bank’s stock, valued at approximately $261,000.

Other large investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of KB Financial Group by 23.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 779,499 shares of the bank’s stock worth $48,134,000 after buying an additional 145,861 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake 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 stake in shares of KB Financial Group in the 3rd quarter valued at about $7,291,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of KB Financial Group by 46.6% during 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 valued at $5,795,000 after acquiring an additional 29,850 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of KB Financial Group by 9.5% during the third quarter. Creative Planning now owns 86,130 shares of the bank’s stock worth $5,319,000 after purchasing an additional 7,494 shares in the last quarter. 11.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

KB Financial Group Stock Performance

Shares of NYSE KB opened at $62.62 on Wednesday. The stock’s 50-day moving average is $61.16 and its 200 day moving average is $63.17. The stock has a market cap of $24.64 billion, a price-to-earnings ratio of 7.30, a P/E/G ratio of 0.47 and a beta of 0.99. KB Financial Group Inc. has a 1-year low of $45.59 and a 1-year high of $72.89. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29.

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.