JBF Capital Inc. Buys Shares of 5,000 KB Financial Group Inc (NYSE:KB)

Key Points

• JBF Capital Inc. has made a significant investment in KB Financial Group Inc, acquiring 5,000 shares valued at approximately $271,000.
• Several institutional investors have also increased their stakes in KB Financial, with Northern Trust Corp raising theirs by 310.0% in the last quarter alone.
• Analysts have upgraded KB Financial Group's rating from "hold" to "buy," indicating positive market sentiment towards the company's future prospects.

JBF Capital Inc. purchased a new stake in shares of KB Financial Group Inc (NYSE:KB - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,000 shares of the bank's stock, valued at approximately $271,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of KB Financial Group by 1.3% in the first quarter. US Bancorp DE now owns 20,442 shares of the bank's stock valued at $1,106,000 after purchasing an additional 272 shares in the last quarter. Ramirez Asset Management Inc. raised its holdings in KB Financial Group by 0.4% during the first quarter. Ramirez Asset Management Inc. now owns 244,242 shares of the bank's stock worth $13,216,000 after acquiring an additional 942 shares in the last quarter. Cetera Investment Advisers raised its holdings in KB Financial Group by 37.2% during the first quarter. Cetera Investment Advisers now owns 5,159 shares of the bank's stock worth $279,000 after acquiring an additional 1,400 shares in the last quarter. Pzena Investment Management LLC raised its holdings in KB Financial Group by 29.3% during the first quarter. Pzena Investment Management LLC now owns 50,351 shares of the bank's stock worth $2,724,000 after acquiring an additional 11,410 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in KB Financial Group by 27.3% during the first quarter. Victory Capital Management Inc. now owns 15,620 shares of the bank's stock worth $845,000 after acquiring an additional 3,345 shares in the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised KB Financial Group from a "hold" rating to a "buy" rating in a research report on Saturday.

KB Financial Group Stock Performance

Shares of KB Financial Group stock traded up $1.31 on Monday, hitting $78.99. The stock had a trading volume of 124,727 shares, compared to its average volume of 201,530. KB Financial Group Inc has a twelve month low of $46.38 and a twelve month high of $92.39. The business's 50 day moving average is $80.71 and its two-hundred day moving average is $66.34. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.40. The stock has a market cap of $30.13 billion, a price-to-earnings ratio of 7.66, a price-to-earnings-growth ratio of 0.59 and a beta of 1.06.

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.