Cerity Partners LLC Increases Stock Position in KB Financial Group Inc. (NYSE:KB)

Cerity Partners LLC boosted its position in shares of KB Financial Group Inc. (NYSE:KB) by 69.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,134 shares of the bank’s stock after purchasing an additional 14,008 shares during the period. Cerity Partners LLC’s holdings in KB Financial Group were worth $2,108,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners grew its stake in shares of KB Financial Group by 195.1% during the first quarter. Boston Partners now owns 100,447 shares of the bank’s stock valued at $5,233,000 after acquiring an additional 66,413 shares in the last quarter. Creative Planning boosted its holdings in KB Financial Group by 9.5% in the third quarter. Creative Planning now owns 86,130 shares of the bank’s stock valued at $5,319,000 after purchasing an additional 7,494 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in KB Financial Group by 412.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 23,163 shares of the bank’s stock valued at $1,430,000 after purchasing an additional 18,645 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new stake in KB Financial Group during the 2nd quarter worth approximately $1,084,000. Finally, CWA Asset Management Group LLC acquired a new position in shares of KB Financial Group in the 3rd quarter valued at approximately $1,786,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Performance

Shares of KB Financial Group stock opened at $68.93 on Monday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. KB Financial Group Inc. has a 1 year low of $36.57 and a 1 year high of $72.89. The firm’s 50-day simple moving average is $66.24 and its 200-day simple moving average is $62.45. The firm has a market cap of $27.13 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 0.61 and a beta of 0.97.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th.

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.