Sei Investments Co. Grows Stake in KB Financial Group Inc $KB

Sei Investments Co. increased its stake in shares of KB Financial Group Inc (NYSE:KB) by 49.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,273 shares of the bank’s stock after purchasing an additional 13,408 shares during the period. Sei Investments Co.’s holdings in KB Financial Group were worth $4,017,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KB. Brown Brothers Harriman & Co. boosted its holdings in KB Financial Group by 131.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock worth $35,000 after buying an additional 229 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of KB Financial Group in the fourth quarter valued at approximately $39,000. Leonteq Securities AG acquired a new stake in shares of KB Financial Group in the fourth quarter worth approximately $43,000. Triumph Capital Management acquired a new stake in shares of KB Financial Group in the third quarter worth approximately $46,000. Finally, Bell Investment Advisors Inc increased its position in shares of KB Financial Group by 29.3% during the first quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock worth $48,000 after purchasing an additional 108 shares in the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

KB Financial Group Trading Up 0.6%

NYSE KB opened at $121.36 on Friday. The firm’s 50-day moving average is $111.51 and its two-hundred day moving average is $106.95. KB Financial Group Inc has a 12 month low of $76.31 and a 12 month high of $125.62. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $43.05 billion, a P/E ratio of 10.89, a PEG ratio of 0.72 and a beta of 1.01.

Analysts Set New Price Targets

Several research firms recently commented on KB. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, June 24th. Zacks Research upgraded 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 report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat.com, KB Financial Group has a consensus rating of “Buy”.

KB Financial Group Company 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.