KB Financial Group Inc (NYSE:KB) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in shares of KB Financial Group Inc (NYSE:KB) by 12.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,714 shares of the bank’s stock after purchasing an additional 1,608 shares during the quarter. Bank of New York Mellon Corp’s holdings in KB Financial Group were worth $796,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bruce G. Allen Investments LLC boosted its position in shares of KB Financial Group by 141.8% in the 1st quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank’s stock valued at $50,000 after purchasing an additional 543 shares during the period. Tower Research Capital LLC TRC increased its position in KB Financial Group by 659.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank’s stock worth $137,000 after buying an additional 2,097 shares during the period. Cetera Investment Advisers lifted its stake in KB Financial Group by 7.4% in the fourth quarter. Cetera Investment Advisers now owns 3,759 shares of the bank’s stock valued at $214,000 after buying an additional 258 shares during the last quarter. Perigon Wealth Management LLC purchased a new stake in KB Financial Group in the first quarter valued at approximately $214,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of KB Financial Group in the fourth quarter valued at approximately $222,000. 11.52% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Stock Performance

NYSE KB opened at $77.63 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.40. KB Financial Group Inc has a 52-week low of $46.38 and a 52-week high of $92.39. The business’s 50-day moving average price is $80.71 and its 200 day moving average price is $66.29. The firm has a market cap of $29.61 billion, a P/E ratio of 7.53, a P/E/G ratio of 0.61 and a beta of 1.06.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Saturday.

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.