Adero Partners LLC Has $315,000 Stock Position in KB Financial Group Inc. (NYSE:KB)

Adero Partners LLC lifted its stake in shares of KB Financial Group Inc. (NYSE:KB) by 8.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,539 shares of the bank’s stock after acquiring an additional 442 shares during the period. Adero Partners LLC’s holdings in KB Financial Group were worth $315,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its position 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 worth $48,134,000 after acquiring an additional 145,861 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in KB Financial Group during the 3rd quarter worth approximately $7,291,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of KB Financial Group in the third quarter worth approximately $3,516,000. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of KB Financial Group by 15.2% in the third 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 purchasing an additional 56,400 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its position in shares of KB Financial Group by 576.3% during the fourth quarter. Yousif Capital Management LLC now owns 41,191 shares of the bank’s stock valued at $2,344,000 after buying an additional 35,100 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on KB shares. Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th. StockNews.com lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Monday.

KB Financial Group Price Performance

Shares of NYSE:KB opened at $60.29 on Thursday. KB Financial Group Inc. has a fifty-two week low of $45.59 and a fifty-two week high of $72.89. The company’s 50-day moving average is $61.03 and its 200 day moving average is $63.19. 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 company has a market capitalization of $23.73 billion, a P/E ratio of 7.03, a price-to-earnings-growth ratio of 0.47 and a beta of 0.99.

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.