Sanctuary Advisors LLC Increases Stake in KB Financial Group Inc. (NYSE:KB)

Sanctuary Advisors LLC increased its position in shares of KB Financial Group Inc. (NYSE:KB) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,605 shares of the bank’s stock after buying an additional 362 shares during the period. Sanctuary Advisors LLC’s holdings in KB Financial Group were worth $661,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in KB Financial Group during the third quarter valued at about $35,000. Venturi Wealth Management LLC boosted its position in KB Financial Group by 2,427.9% during the third quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock valued at $67,000 after purchasing an additional 1,044 shares in the last quarter. Drive Wealth Management LLC bought a new stake in KB Financial Group during the third quarter valued at about $219,000. Glenmede Trust Co. NA bought a new stake in KB Financial Group during the third quarter valued at about $236,000. Finally, Optas LLC bought a new stake in KB Financial Group during the fourth quarter valued at about $261,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Price Performance

Shares of NYSE KB opened at $54.29 on Friday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $21.36 billion, a PE ratio of 6.33, a P/E/G ratio of 0.52 and a beta of 0.99. The business has a 50-day simple moving average of $59.11 and a two-hundred day simple moving average of $62.64. KB Financial Group Inc. has a fifty-two week low of $45.59 and a fifty-two week high of $72.89.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KB shares. StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Morgan Stanley raised KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th.

KB Financial Group 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.