Cambridge Investment Research Advisors Inc. Has $2.18 Million Position in KB Financial Group Inc (KB)
Cambridge Investment Research Advisors Inc. increased its stake in shares of KB Financial Group Inc (NYSE:KB) by 28.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,220 shares of the bank’s stock after buying an additional 9,527 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in KB Financial Group were worth $2,182,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in KB. BNP Paribas Arbitrage SA boosted its position in KB Financial Group by 75.1% in the second quarter. BNP Paribas Arbitrage SA now owns 3,080 shares of the bank’s stock worth $156,000 after buying an additional 1,321 shares during the last quarter. US Bancorp DE boosted 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 worth $204,000 after buying an additional 528 shares during the last quarter. Paloma Partners Management Co acquired a new position in KB Financial Group during the first quarter worth approximately $242,000. Ativo Capital Management LLC acquired a new position in KB Financial Group during the first quarter worth approximately $245,000. Finally, M&T Bank Corp acquired a new position in KB Financial Group during the first quarter worth approximately $249,000. Institutional investors own 5.63% of the company’s stock.
Shares of KB Financial Group Inc (NYSE KB) opened at 49.89 on Thursday. KB Financial Group Inc has a 12 month low of $33.47 and a 12 month high of $54.36. The firm has a market capitalization of $19.78 billion, a P/E ratio of 7.79 and a beta of 1.20. The firm’s 50-day moving average is $51.18 and its 200 day moving average is $46.79.
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A number of research firms recently commented on KB. BidaskClub cut KB Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. 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 report on Friday, July 21st. Finally, J P Morgan Chase & Co began coverage on KB Financial Group in a report on Wednesday, August 9th. They set an “overweight” rating for the company.
KB Financial Group Company Profile
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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