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.

Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded KB Financial Group from a “hold” rating to a “sell” rating in a report on Friday, February 1st. Goldman Sachs Group began coverage on KB Financial Group in a report on Sunday, March 31st. They issued a “buy” rating for the company. Finally, CLSA raised KB Financial Group from an “underperform” rating to an “outperform” rating in a report on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $61.00.

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

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