Comerica Bank lifted its holdings in KB Financial Group, Inc. (NYSE:KB) by 6.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,456 shares of the bank’s stock after purchasing an additional 1,397 shares during the period. Comerica Bank’s holdings in KB Financial Group were worth $1,111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KB. Millennium Management LLC bought a new stake in shares of KB Financial Group in the 1st quarter worth $208,000. River & Mercantile Asset Management LLP bought a new stake in shares of KB Financial Group in the 2nd quarter worth $2,544,000. Bank of New York Mellon Corp increased its holdings in shares of KB Financial Group by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,498 shares of the bank’s stock worth $4,625,000 after purchasing an additional 2,233 shares in the last quarter. Deltec Asset Management LLC increased its holdings in shares of KB Financial Group by 5.7% in the 2nd quarter. Deltec Asset Management LLC now owns 37,000 shares of the bank’s stock worth $1,720,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of KB Financial Group by 11.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 379,768 shares of the bank’s stock worth $17,652,000 after purchasing an additional 38,278 shares in the last quarter. 6.03% of the stock is currently owned by institutional investors.

Shares of KB opened at $40.84 on Friday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.65 and a quick ratio of 1.65. KB Financial Group, Inc. has a one year low of $40.66 and a one year high of $63.96. The firm has a market capitalization of $16.95 billion, a P/E ratio of 5.50, a PEG ratio of 1.16 and a beta of 1.27.

KB has been the subject of a number of research analyst reports. Credit Suisse Group initiated coverage on KB Financial Group in a report on Tuesday, October 23rd. They issued an “outperform” rating for the company. Zacks Investment Research raised KB Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Finally, Bank of America lowered KB Financial Group from a “buy” rating to a “neutral” rating and set a $61.00 price objective for the company. in a report on Thursday, August 30th.

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KB Financial Group Profile

KB Financial Group Inc, a financial holding company, provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. It operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.

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

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