Candriam Luxembourg S.C.A. acquired a new stake in shares of KB Financial Group Inc (NYSE:KB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 27,500 shares of the bank’s stock, valued at approximately $1,389,000.

Other hedge funds also recently modified their holdings of the company. US Bancorp DE increased its position in KB Financial Group by 12.9% in the first quarter. US Bancorp DE now owns 4,636 shares of the bank’s stock valued at $204,000 after buying an additional 528 shares during the period. Rothschild Investment Corp IL acquired a new position in KB Financial Group during the first quarter valued at $208,000. Paloma Partners Management Co acquired a new position in KB Financial Group during the first quarter valued at $242,000. Ativo Capital Management LLC acquired a new position in KB Financial Group during the first quarter valued at $245,000. Finally, M&T Bank Corp acquired a new position in KB Financial Group during the first quarter valued at $249,000. Institutional investors and hedge funds own 6.26% of the company’s stock.

Shares of KB Financial Group Inc (NYSE KB) opened at 49.78 on Friday. KB Financial Group Inc has a 52 week low of $32.82 and a 52 week high of $54.36. The firm’s 50-day moving average price is $51.12 and its 200 day moving average price is $46.12. The firm has a market capitalization of $19.74 billion, a price-to-earnings ratio of 7.70 and a beta of 1.20.

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Several equities analysts recently weighed in on KB shares. BidaskClub upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Zacks Investment Research upgraded KB Financial Group from a “sell” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Friday, July 21st. Finally, J P Morgan Chase & Co initiated coverage on KB Financial Group in a research note on Wednesday. They set an “overweight” rating for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $58.00.

About KB Financial Group

KB Financial Group Inc is a financial holding company in Korea. The Company’s operations include Kookmin Bank, a commercial bank in Korea. The Company operates through six business segments: retail banking operations, corporate banking operations, other banking operations, credit card operations, investment and securities operations, and life insurance operations.

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Institutional Ownership by Quarter for KB Financial Group (NYSE:KB)

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