Eagle Asset Management Inc. Boosts Holdings in KB Financial Group Inc (KB)

Eagle Asset Management Inc. boosted its holdings in shares of KB Financial Group Inc (NYSE:KB) by 11.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,121 shares of the bank’s stock after acquiring an additional 715 shares during the quarter. Eagle Asset Management Inc.’s holdings in KB Financial Group were worth $359,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. World Asset Management Inc grew its holdings in KB Financial Group by 0.4% during the 2nd quarter. World Asset Management Inc now owns 24,624 shares of the bank’s stock worth $1,243,000 after acquiring an additional 103 shares during the last quarter. Wetherby Asset Management Inc. grew its holdings in KB Financial Group by 1.8% during the 2nd quarter. Wetherby Asset Management Inc. now owns 23,690 shares of the bank’s stock worth $1,196,000 after acquiring an additional 408 shares during the last quarter. US Bancorp DE grew its holdings in KB Financial Group by 12.9% during the 1st quarter. US Bancorp DE now owns 4,636 shares of the bank’s stock worth $204,000 after acquiring an additional 528 shares during the last quarter. Sei Investments Co. grew its holdings in KB Financial Group by 10.0% during the 1st quarter. Sei Investments Co. now owns 7,354 shares of the bank’s stock worth $323,000 after acquiring an additional 670 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in KB Financial Group by 75.1% during the 2nd 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 during the last quarter. 5.63% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research firms have weighed in on KB. BidaskClub lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. J P Morgan Chase & Co began coverage on shares of KB Financial Group in a report on Wednesday, August 9th. They set an “overweight” rating on the stock. Finally, Zacks Investment Research lowered shares of KB Financial Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 6th.

Shares of KB Financial Group Inc (NYSE:KB) opened at 46.70 on Wednesday. KB Financial Group Inc has a 1-year low of $33.58 and a 1-year high of $54.36. The stock has a 50 day moving average of $50.34 and a 200-day moving average of $47.31. The company has a market capitalization of $18.52 billion, a price-to-earnings ratio of 7.29 and a beta of 1.21.

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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Institutional Ownership by Quarter for KB Financial Group (NYSE:KB)

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