GK Wealth Management LLC Makes New $469,000 Investment in KB Financial Group Inc $KB

GK Wealth Management LLC bought a new stake in KB Financial Group Inc (NYSE:KB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,469 shares of the bank’s stock, valued at approximately $469,000.

Other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC grew its position in shares of KB Financial Group by 2.8% during the first quarter. Lazard Asset Management LLC now owns 1,457,537 shares of the bank’s stock worth $145,360,000 after buying an additional 39,764 shares in the last quarter. Morgan Stanley raised its holdings in KB Financial Group by 4.0% in the fourth quarter. Morgan Stanley now owns 1,080,052 shares of the bank’s stock valued at $92,928,000 after acquiring an additional 41,587 shares in the last quarter. Bank of America Corp DE boosted its stake in KB Financial Group by 20.3% during the 1st quarter. Bank of America Corp DE now owns 1,068,416 shares of the bank’s stock valued at $106,553,000 after acquiring an additional 180,590 shares during the last quarter. Capital International Investors boosted its stake in KB Financial Group by 0.6% during the 4th quarter. Capital International Investors now owns 761,913 shares of the bank’s stock valued at $65,637,000 after acquiring an additional 4,745 shares during the last quarter. Finally, M&T Bank Corp acquired a new position in KB Financial Group during the 4th quarter worth $36,964,000. 11.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KB shares. Zacks Research raised shares of KB Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of KB Financial Group in a research report on Wednesday, July 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat.com, KB Financial Group currently has a consensus rating of “Buy”.

KB Financial Group Stock Performance

KB stock opened at $120.25 on Wednesday. The stock’s 50 day simple moving average is $110.75 and its 200 day simple moving average is $106.50. KB Financial Group Inc has a 12-month low of $76.31 and a 12-month high of $125.62. The firm has a market cap of $42.65 billion, a P/E ratio of 10.79, a P/E/G ratio of 0.72 and a beta of 1.01. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.47.

About KB Financial Group

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.