Cullen Capital Management LLC Buys 18,255 Shares of KB Financial Group Inc $KB

Cullen Capital Management LLC boosted its position in shares of KB Financial Group Inc (NYSE:KB) by 19.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 111,477 shares of the bank’s stock after acquiring an additional 18,255 shares during the period. Cullen Capital Management LLC’s holdings in KB Financial Group were worth $9,207,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Cresset Asset Management LLC purchased a new stake in shares of KB Financial Group during the first quarter worth about $207,000. Amundi boosted its stake in KB Financial Group by 72.3% in the 1st quarter. Amundi now owns 76,861 shares of the bank’s stock worth $4,021,000 after purchasing an additional 32,250 shares during the period. Freedom Investment Management Inc. purchased a new stake in KB Financial Group during the 1st quarter valued at approximately $221,000. Allspring Global Investments Holdings LLC bought a new stake in shares of KB Financial Group during the second quarter valued at approximately $302,000. Finally, American Century Companies Inc. lifted its holdings in shares of KB Financial Group by 3.5% in the first quarter. American Century Companies Inc. now owns 634,875 shares of the bank’s stock worth $34,353,000 after buying an additional 21,672 shares in the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of KB Financial Group in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

KB Financial Group Stock Down 0.2%

Shares of KB opened at $85.18 on Monday. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.65 and a quick ratio of 1.65. The stock has a market capitalization of $32.49 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 0.69 and a beta of 1.11. KB Financial Group Inc has a 1 year low of $46.38 and a 1 year high of $92.39. The business’s 50 day simple moving average is $84.01 and its 200-day simple moving average is $82.22.

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.