Lazard Asset Management LLC Acquires 26,423 Shares of KB Financial Group Inc $KB

Lazard Asset Management LLC lifted its holdings in KB Financial Group Inc (NYSE:KB) by 1.7% in the 2nd quarter, Holdings Channel reports. The firm owned 1,554,154 shares of the bank’s stock after buying an additional 26,423 shares during the quarter. Lazard Asset Management LLC’s holdings in KB Financial Group were worth $128,357,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KB. Parkside Financial Bank & Trust raised its holdings in KB Financial Group by 585.7% during the second quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock valued at $28,000 after buying an additional 287 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in shares of KB Financial Group during the 2nd quarter valued at about $25,000. PDS Planning Inc raised its stake in shares of KB Financial Group by 4.3% in the 2nd quarter. PDS Planning Inc now owns 8,373 shares of the bank’s stock valued at $692,000 after acquiring an additional 349 shares in the last quarter. Groupama Asset Managment raised its stake in shares of KB Financial Group by 1.9% in the 2nd quarter. Groupama Asset Managment now owns 19,478 shares of the bank’s stock valued at $1,588,000 after acquiring an additional 360 shares in the last quarter. Finally, Aprio Wealth Management LLC lifted its holdings in KB Financial Group by 4.9% in the 1st quarter. Aprio Wealth Management LLC now owns 9,617 shares of the bank’s stock worth $520,000 after purchasing an additional 446 shares during the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of KB Financial Group in a report on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

KB Financial Group Trading Down 0.2%

KB Financial Group stock opened at $85.18 on Friday. KB Financial Group Inc has a 52 week low of $46.38 and a 52 week high of $92.39. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.65 and a current ratio of 1.65. The firm has a market capitalization of $32.49 billion, a PE ratio of 8.04, a PEG ratio of 0.69 and a beta of 1.11. The business’s 50-day simple moving average is $84.01 and its 200-day simple moving average is $82.10.

About KB Financial Group

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.