27,500 Shares in KB Financial Group Inc (NYSE:KB) Acquired by Candriam Luxembourg S.C.A.
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.
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.
Want to see what other hedge funds are holding KB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Financial Group Inc (NYSE:KB).
Receive News & Ratings for KB Financial Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Financial Group Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.