Connor Clark & Lunn Investment Management Ltd. Purchases 28,484 Shares of KB Financial Group Inc (NYSE:KB)

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in KB Financial Group by 3.5%, bringing its ownership to 844,377 shares valued at approximately $45.69 million.
• Several institutional investors have also significantly increased their holdings in KB Financial Group, with Northern Trust Corp raising its stake by 310% during the last quarter.
• KB Financial Group has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating a positive outlook on the stock's performance.

Connor Clark & Lunn Investment Management Ltd. grew its holdings in KB Financial Group Inc (NYSE:KB - Free Report) by 3.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 844,377 shares of the bank's stock after buying an additional 28,484 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.21% of KB Financial Group worth $45,689,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Seeds Investor LLC lifted its stake in shares of KB Financial Group by 2.9% in the 4th quarter. Seeds Investor LLC now owns 6,923 shares of the bank's stock worth $394,000 after acquiring an additional 195 shares during the period. Cetera Investment Advisers increased its stake in KB Financial Group by 7.4% in the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock valued at $214,000 after buying an additional 258 shares during the period. PDS Planning Inc increased its stake in shares of KB Financial Group by 3.5% during the 1st quarter. PDS Planning Inc now owns 8,024 shares of the bank's stock worth $434,000 after purchasing an additional 271 shares during the last quarter. US Bancorp DE increased its stake in shares of KB Financial Group by 1.3% during the 1st quarter. US Bancorp DE now owns 20,442 shares of the bank's stock worth $1,106,000 after purchasing an additional 272 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its holdings in shares of KB Financial Group by 6.7% during the 1st quarter. Aaron Wealth Advisors LLC now owns 5,161 shares of the bank's stock worth $279,000 after buying an additional 325 shares during the period. 11.52% of the stock is owned by hedge funds and other institutional investors.

KB Financial Group Stock Down 1.3%

KB traded down $1.04 during trading on Monday, reaching $81.05. The company had a trading volume of 98,875 shares, compared to its average volume of 287,029. KB Financial Group Inc has a 12 month low of $46.38 and a 12 month high of $92.39. The company has a market cap of $30.92 billion, a P/E ratio of 7.86, a PEG ratio of 0.63 and a beta of 1.06. The business's fifty day moving average price is $81.67 and its 200 day moving average price is $67.16. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.68 and a quick ratio of 1.68.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of KB Financial Group from a "buy" rating to a "hold" rating in a report on Sunday.

KB Financial Group Company 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.