Dorsey Wright & Associates grew its holdings in shares of KB Financial Group Inc (NYSE:KB) by 47.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 93,903 shares of the bank’s stock after buying an additional 30,128 shares during the quarter. Dorsey Wright & Associates’ holdings in KB Financial Group were worth $4,653,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KB. Ameriprise Financial Inc. grew its stake in KB Financial Group by 33.8% in the first quarter. Ameriprise Financial Inc. now owns 19,903 shares of the bank’s stock worth $875,000 after purchasing an additional 5,031 shares in the last quarter. Morgan Stanley grew its stake in KB Financial Group by 14.8% in the first quarter. Morgan Stanley now owns 234,302 shares of the bank’s stock worth $10,302,000 after purchasing an additional 30,240 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in KB Financial Group by 11.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 236,760 shares of the bank’s stock worth $10,411,000 after buying an additional 24,395 shares during the period. Bank of America Corp DE lifted its holdings in KB Financial Group by 118.6% during the first quarter. Bank of America Corp DE now owns 203,355 shares of the bank’s stock worth $8,941,000 after buying an additional 110,337 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in KB Financial Group during the first quarter worth $242,000. 5.72% of the stock is currently owned by hedge funds and other institutional investors.

KB has been the subject of a number of analyst reports. Zacks Investment Research lowered KB Financial Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub upgraded KB Financial Group from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, J P Morgan Chase & Co initiated coverage on KB Financial Group in a report on Wednesday, August 9th. They set an “overweight” rating for the company.

KB Financial Group Inc (NYSE KB) traded down $0.15 during trading on Monday, reaching $51.19. The company’s stock had a trading volume of 105,200 shares, compared to its average volume of 145,535. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market capitalization of $21,403.15, a price-to-earnings ratio of 7.95, a P/E/G ratio of 0.39 and a beta of 1.19. KB Financial Group Inc has a one year low of $34.36 and a one year high of $54.36.

TRADEMARK VIOLATION NOTICE: This story was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/11/13/dorsey-wright-associates-has-4-65-million-stake-in-kb-financial-group-inc-kb.html.

KB Financial Group Company Profile

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.

Want to see what other hedge funds are holding KB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Financial Group Inc (NYSE:KB).

Institutional Ownership by Quarter for KB Financial Group (NYSE:KB)

Receive News & Ratings for KB Financial Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Financial Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.