KB Financial Group Inc $KB Shares Acquired by First Trust Advisors LP

First Trust Advisors LP grew its stake in shares of KB Financial Group Inc (NYSE:KB) by 72.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,297 shares of the bank’s stock after acquiring an additional 8,546 shares during the quarter. First Trust Advisors LP’s holdings in KB Financial Group were worth $2,024,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bell Investment Advisors Inc grew its position in KB Financial Group by 29.3% during the 1st quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock worth $48,000 after purchasing an additional 108 shares during the last quarter. Seeds Investor LLC raised its holdings in shares of KB Financial Group by 1.8% in the fourth quarter. Seeds Investor LLC now owns 6,606 shares of the bank’s stock worth $568,000 after buying an additional 114 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of KB Financial Group by 2.1% in the fourth quarter. HighTower Advisors LLC now owns 5,821 shares of the bank’s stock worth $501,000 after buying an additional 118 shares during the last quarter. Drive Wealth Management LLC raised its holdings in shares of KB Financial Group by 3.5% in the fourth quarter. Drive Wealth Management LLC now owns 3,515 shares of the bank’s stock worth $302,000 after buying an additional 120 shares during the last quarter. Finally, First Horizon Corp lifted its stake in shares of KB Financial Group by 36.2% during the first quarter. First Horizon Corp now owns 489 shares of the bank’s stock worth $49,000 after buying an additional 130 shares during the period. 11.52% of the stock is owned by hedge funds and other institutional investors.

KB Financial Group Stock Up 2.2%

KB stock opened at $123.97 on Friday. The firm’s fifty day simple moving average is $111.97 and its 200-day simple moving average is $107.07. The company has a market capitalization of $43.97 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 0.74 and a beta of 1.01. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.64 and a quick ratio of 1.64. KB Financial Group Inc has a 12 month low of $76.31 and a 12 month high of $125.66.

Wall Street Analyst Weigh In

A number of 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 report on Tuesday, July 28th. The Goldman Sachs Group restated a “buy” rating on shares of KB Financial Group in a research note on Wednesday, July 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, KB Financial Group currently has a consensus rating of “Buy”.

KB Financial Group Company Profile

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.