Cetera Investment Advisers Buys 13,164 Shares of KB Financial Group Inc $KB

Cetera Investment Advisers grew its stake in KB Financial Group Inc (NYSE:KB) by 127.8% during the first quarter, HoldingsChannel reports. The fund owned 23,461 shares of the bank’s stock after acquiring an additional 13,164 shares during the quarter. Cetera Investment Advisers’ holdings in KB Financial Group were worth $2,340,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KB. Calamos Advisors LLC purchased a new position in KB Financial Group in the first quarter valued at about $3,842,000. WCM Investment Management LLC purchased a new stake in shares of KB Financial Group during the first quarter valued at about $24,497,000. M&T Bank Corp purchased a new stake in shares of KB Financial Group during the fourth quarter valued at about $36,964,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of KB Financial Group by 8.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 139,627 shares of the bank’s stock valued at $12,014,000 after buying an additional 10,662 shares in the last quarter. Finally, Ethic Inc. boosted its holdings in shares of KB Financial Group by 9.6% in the 4th quarter. Ethic Inc. now owns 68,586 shares of the bank’s stock valued at $5,901,000 after buying an additional 5,980 shares in the last quarter. 11.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KB shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday, June 24th. Zacks Research raised shares of KB Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of KB Financial Group in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat, KB Financial Group presently has an average rating of “Buy”.

KB Financial Group Trading Up 2.2%

Shares of NYSE:KB opened at $123.97 on Friday. The business’s 50-day moving average is $111.97 and its 200 day moving average is $107.07. KB Financial Group Inc has a 1 year low of $76.31 and a 1 year high of $125.66. The firm has a market capitalization of $43.97 billion, a P/E ratio of 11.13, a P/E/G ratio of 0.74 and a beta of 1.01. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.64 and a quick ratio of 1.64.

KB Financial Group Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.