SG Americas Securities LLC Purchases New Stake in KB Financial Group Inc. (NYSE:KB)

SG Americas Securities LLC acquired a new position in shares of KB Financial Group Inc. (NYSE:KB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,037 shares of the bank’s stock, valued at approximately $856,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Creative Planning boosted its holdings in KB Financial Group by 9.5% in the 3rd 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. FMR LLC raised its position in shares of KB Financial Group by 121.6% during the 3rd quarter. FMR LLC now owns 33,642 shares of the bank’s stock valued at $2,077,000 after buying an additional 18,459 shares during the period. Cerity Partners LLC lifted its holdings in KB Financial Group by 69.6% in the third quarter. Cerity Partners LLC now owns 34,134 shares of the bank’s stock valued at $2,108,000 after acquiring an additional 14,008 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in KB Financial Group by 412.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,163 shares of the bank’s stock worth $1,430,000 after acquiring an additional 18,645 shares during the period. Finally, Stifel Financial Corp increased its stake in KB Financial Group by 1.5% during the third quarter. Stifel Financial Corp now owns 21,371 shares of the bank’s stock worth $1,320,000 after acquiring an additional 308 shares during the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

KB Financial Group Price Performance

Shares of NYSE KB opened at $61.83 on Wednesday. The stock has a 50 day moving average of $61.74 and a two-hundred day moving average of $63.13. KB Financial Group Inc. has a twelve month low of $40.86 and a twelve month high of $72.89. The stock has a market cap of $24.33 billion, a P/E ratio of 7.21, a P/E/G ratio of 0.47 and a beta of 0.99. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29.

Analysts Set New Price Targets

A number of research analysts have commented on KB shares. StockNews.com raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Morgan Stanley raised shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th.

KB Financial Group Company Profile

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.