KB Financial Group Inc $KB Shares Acquired by Creative Planning

Creative Planning increased its position in shares of KB Financial Group Inc (NYSE:KB) by 34.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 104,163 shares of the bank’s stock after purchasing an additional 26,855 shares during the period. Creative Planning’s holdings in KB Financial Group were worth $8,603,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. D Orazio & Associates Inc. purchased a new stake in KB Financial Group in the 2nd quarter valued at approximately $220,000. PNC Financial Services Group Inc. lifted its holdings in shares of KB Financial Group by 15.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,515 shares of the bank’s stock valued at $1,116,000 after buying an additional 1,815 shares during the period. Ranmore Fund Management Ltd boosted its stake in shares of KB Financial Group by 8.5% in the second quarter. Ranmore Fund Management Ltd now owns 255,549 shares of the bank’s stock valued at $21,106,000 after buying an additional 20,000 shares in the last quarter. Wealth Alliance LLC purchased a new stake in shares of KB Financial Group in the second quarter valued at approximately $215,000. Finally, Vise Technologies Inc. acquired a new position in KB Financial Group during the second quarter worth $3,003,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Performance

KB opened at $84.22 on Wednesday. KB Financial Group Inc has a 1-year low of $46.38 and a 1-year high of $92.39. The stock has a market cap of $32.13 billion, a P/E ratio of 8.09, a P/E/G ratio of 0.65 and a beta of 1.14. The stock’s 50 day simple moving average is $83.26 and its 200 day simple moving average is $80.07. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.67 and a quick ratio of 1.67.

Wall Street Analyst Weigh In

KB has been the subject of a number of recent analyst reports. Wall Street Zen downgraded KB Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, KB Financial Group currently has an average rating of “Buy”.

About KB Financial Group

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.