TCW Group Inc. Has $2.90 Million Position in KB Financial Group Inc (KB)
TCW Group Inc. lowered its stake in shares of KB Financial Group Inc (NYSE:KB) by 11.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 59,100 shares of the bank’s stock after selling 7,500 shares during the period. TCW Group Inc.’s holdings in KB Financial Group were worth $2,898,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in KB. BNP Paribas Arbitrage SA increased its position in shares of KB Financial Group by 75.1% during the second quarter. BNP Paribas Arbitrage SA now owns 3,080 shares of the bank’s stock worth $156,000 after acquiring an additional 1,321 shares in the last quarter. Simplex Trading LLC lifted its holdings in shares of KB Financial Group by 1,773.8% in the third quarter. Simplex Trading LLC now owns 3,654 shares of the bank’s stock worth $179,000 after buying an additional 3,459 shares in the last quarter. Advisor Group Inc. lifted its holdings in shares of KB Financial Group by 45.2% in the second quarter. Advisor Group Inc. now owns 4,401 shares of the bank’s stock worth $220,000 after buying an additional 1,370 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of KB Financial Group in the first quarter worth about $242,000. Finally, Eagle Asset Management Inc. grew its position in KB Financial Group by 11.2% during the second quarter. Eagle Asset Management Inc. now owns 7,121 shares of the bank’s stock valued at $359,000 after acquiring an additional 715 shares during the last quarter. 5.72% of the stock is owned by institutional investors and hedge funds.
KB has been the subject of several recent research reports. Zacks Investment Research raised KB Financial Group from a “sell” rating to a “hold” rating and set a $60.00 price objective for the company in a research report on Saturday, October 28th. BidaskClub upgraded KB Financial Group from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, J P Morgan Chase & Co began coverage on KB Financial Group in a research note on Wednesday, August 9th. They set an “overweight” rating for the company.
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Shares of KB Financial Group Inc (KB) traded up $1.43 during midday trading on Friday, hitting $53.28. The stock had a trading volume of 110,700 shares, compared to its average volume of 144,413. KB Financial Group Inc has a twelve month low of $34.36 and a twelve month high of $54.36. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.61 and a quick ratio of 1.60. The firm has a market capitalization of $21,679.11, a PE ratio of 8.05, a PEG ratio of 0.40 and a beta of 1.19.
KB Financial Group 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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