KB Financial Group Inc. (NYSE:KB) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its stake in shares of KB Financial Group Inc. (NYSE:KB) by 23.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 12,319 shares of the bank’s stock after acquiring an additional 2,337 shares during the period. BNP Paribas Financial Markets’ holdings in KB Financial Group were worth $761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased 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 period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in KB Financial Group during the 3rd quarter valued at about $3,516,000. NINE MASTS CAPITAL Ltd bought a new stake in shares of KB Financial Group during the 2nd quarter worth about $2,038,000. American Century Companies Inc. lifted its stake in shares of KB Financial Group by 7.1% in the 2nd quarter. American Century Companies Inc. now owns 511,542 shares of the bank’s stock worth $28,958,000 after acquiring an additional 33,900 shares during the period. Finally, LA Financiere DE L Echiquier bought a new position in shares of KB Financial Group in the second quarter valued at approximately $1,698,000. 11.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th.

KB Financial Group Trading Up 2.5 %

Shares of KB Financial Group stock opened at $60.23 on Thursday. The business has a fifty day simple moving average of $66.38 and a 200-day simple moving average of $62.67. KB Financial Group Inc. has a fifty-two week low of $36.57 and a fifty-two week high of $72.89. The firm has a market cap of $23.70 billion, a price-to-earnings ratio of 7.02, a price-to-earnings-growth ratio of 0.53 and a beta of 0.97. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29.

KB Financial Group 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.