Teachers Retirement System of The State of Kentucky Makes New $5.12 Million Investment in KB Financial Group Inc. (NYSE:KB)

Teachers Retirement System of The State of Kentucky bought a new position in KB Financial Group Inc. (NYSE:KB – Get Rating) during the third quarter, Holdings Channel reports. The fund bought 169,730 shares of the bank’s stock, valued at approximately $5,116,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Creative Planning purchased a new stake in shares of KB Financial Group in the 3rd quarter worth about $425,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of KB Financial Group by 8.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 131,113 shares of the bank’s stock worth $3,952,000 after buying an additional 10,392 shares during the period. B. Metzler seel. Sohn & Co. AG grew its position in shares of KB Financial Group by 33.7% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 6,687 shares of the bank’s stock worth $249,000 after buying an additional 1,685 shares during the period. Trinity Street Asset Management LLP grew its position in shares of KB Financial Group by 6.8% in the 3rd quarter. Trinity Street Asset Management LLP now owns 2,048,308 shares of the bank’s stock worth $61,736,000 after buying an additional 129,643 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in shares of KB Financial Group by 59.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 10,687 shares of the bank’s stock worth $322,000 after buying an additional 4,000 shares during the period. 5.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KB. StockNews.com downgraded shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, March 10th. Bank of America cut their price objective on shares of KB Financial Group from $55.38 to $46.15 in a research report on Wednesday, March 1st.

KB Financial Group Stock Performance

Shares of KB stock opened at $35.74 on Friday. KB Financial Group Inc. has a one year low of $30.14 and a one year high of $50.32. The company’s 50-day moving average is $42.23 and its 200 day moving average is $38.19. The company has a market capitalization of $14.61 billion, a price-to-earnings ratio of 4.23, a price-to-earnings-growth ratio of 0.61 and a beta of 0.96. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.73 and a current ratio of 1.69.

About KB Financial Group

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KB Financial Group, Inc engages in providing financial services through its subsidiaries. It operates through the following segments: Corporate Banking, Retail Banking, Other Banking Services, Credit Card, Life Insurance, Investment and Securities business. The Corporate Banking business segment provides services such as loans, overdrafts, deposits, credit facilities and other foreign currency activities.