Connor Clark & Lunn Investment Management Ltd. Increases Holdings in KB Financial Group Inc. (NYSE:KB)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of KB Financial Group Inc. (NYSE:KB) by 4.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 815,893 shares of the bank’s stock after acquiring an additional 36,394 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in KB Financial Group were worth $46,424,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of KB Financial Group during the 4th quarter valued at about $856,000. FMR LLC raised its position in shares of KB Financial Group by 121.6% during the 3rd quarter. FMR LLC now owns 33,642 shares of the bank’s stock valued at $2,077,000 after buying an additional 18,459 shares in the last quarter. Cerity Partners LLC raised its position in KB Financial Group by 69.6% in the 3rd quarter. Cerity Partners LLC now owns 34,134 shares of the bank’s stock worth $2,108,000 after purchasing an additional 14,008 shares during the period. Blue Trust Inc. raised its position in KB Financial Group by 30.5% in the 4th quarter. Blue Trust Inc. now owns 36,868 shares of the bank’s stock worth $2,277,000 after purchasing an additional 8,625 shares during the period. Finally, Stifel Financial Corp raised its position in KB Financial Group by 1.5% in the 3rd quarter. Stifel Financial Corp now owns 21,371 shares of the bank’s stock worth $1,320,000 after purchasing an additional 308 shares during the period. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KB shares. Morgan Stanley raised shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th. StockNews.com raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a research report on Thursday.

KB Financial Group Stock Performance

Shares of NYSE:KB opened at $53.57 on Thursday. The firm has a market cap of $21.08 billion, a PE ratio of 6.24, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. The firm’s 50 day simple moving average is $58.41 and its 200-day simple moving average is $62.04. KB Financial Group Inc. has a one year low of $45.59 and a one year high of $72.89. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66.

KB Financial Group (NYSE:KB) last issued its earnings results on Wednesday, March 5th. The bank reported $1.21 EPS for the quarter. The business had revenue of $2.94 billion for the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. As a group, equities analysts predict that KB Financial Group Inc. will post 8.87 EPS for the current year.

KB Financial Group Profile

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.