Wetherby Asset Management Inc. boosted its position in shares of KB Financial Group Inc (NYSE:KB) by 1.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 23,690 shares of the bank’s stock after buying an additional 408 shares during the period. Wetherby Asset Management Inc.’s holdings in KB Financial Group were worth $1,196,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. GRATRY & Co LLC boosted its stake in shares of KB Financial Group by 191.2% in the first quarter. GRATRY & Co LLC now owns 26,373 shares of the bank’s stock worth $1,160,000 after buying an additional 17,315 shares during the period. Comerica Bank boosted its stake in shares of KB Financial Group by 11.7% in the first quarter. Comerica Bank now owns 26,571 shares of the bank’s stock worth $1,174,000 after buying an additional 2,793 shares during the period. Renaissance Group LLC purchased a new stake in shares of KB Financial Group during the first quarter worth approximately $12,920,000. Suntrust Banks Inc. purchased a new stake in shares of KB Financial Group during the first quarter worth approximately $404,000. Finally, Dorsey Wright & Associates boosted its stake in shares of KB Financial Group by 43.5% in the first quarter. Dorsey Wright & Associates now owns 41,745 shares of the bank’s stock worth $1,836,000 after buying an additional 12,662 shares during the period. 6.26% of the stock is currently owned by institutional investors and hedge funds.

KB Financial Group Inc (KB) opened at 51.34 on Thursday. The company has a market cap of $20.36 billion, a PE ratio of 7.94 and a beta of 1.20. KB Financial Group Inc has a 52-week low of $32.82 and a 52-week high of $54.36. The stock’s 50 day moving average is $51.01 and its 200-day moving average is $46.02.

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A number of analysts have commented on the stock. BidaskClub raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research raised shares of KB Financial Group from a “sell” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Friday, July 21st. Finally, J P Morgan Chase & Co assumed coverage on shares of KB Financial Group in a research report on Wednesday. They set an “overweight” rating on the stock. Five investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $58.00.

About KB Financial Group

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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