Wetherby Asset Management Inc. Has $936,000 Holdings in KB Financial Group, Inc. (KB)
Wetherby Asset Management Inc. grew its holdings in KB Financial Group, Inc. (NYSE:KB) by 4.3% in the 1st quarter, HoldingsChannel reports. The fund owned 25,250 shares of the bank’s stock after buying an additional 1,037 shares during the period. Wetherby Asset Management Inc.’s holdings in KB Financial Group were worth $936,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of KB. Nordea Investment Management AB acquired a new stake in KB Financial Group in the fourth quarter worth about $32,000. Shine Investment Advisory Services Inc. boosted its holdings in KB Financial Group by 60.7% in the first quarter. Shine Investment Advisory Services Inc. now owns 988 shares of the bank’s stock worth $37,000 after acquiring an additional 373 shares in the last quarter. Lindbrook Capital LLC acquired a new stake in KB Financial Group in the fourth quarter worth about $39,000. PRW Wealth Management LLC acquired a new stake in KB Financial Group in the fourth quarter worth about $46,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in KB Financial Group by 62.3% in the first quarter. BNP Paribas Arbitrage SA now owns 1,287 shares of the bank’s stock worth $48,000 after acquiring an additional 494 shares in the last quarter. 6.50% of the stock is owned by institutional investors and hedge funds.
Shares of KB Financial Group stock traded up $0.43 on Friday, reaching $38.74. 141,440 shares of the stock were exchanged, compared to its average volume of 176,906. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.31. KB Financial Group, Inc. has a twelve month low of $35.89 and a twelve month high of $53.31. The company has a market capitalization of $15.35 billion, a price-to-earnings ratio of 5.54 and a beta of 0.77.
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About KB Financial Group
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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