JBF Capital Inc. Takes $271,000 Position in 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. bought a new position in KB Financial Group Inc (NYSE:KB - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,000 shares of the bank's stock, valued at approximately $271,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KB. Northern Trust Corp boosted its position in shares of KB Financial Group by 310.0% during the fourth quarter. Northern Trust Corp now owns 912,529 shares of the bank's stock valued at $51,923,000 after buying an additional 689,979 shares during the last quarter. Capital International Investors lifted its stake in KB Financial Group by 7.2% during the 4th quarter. Capital International Investors now owns 512,752 shares of the bank's stock valued at $29,194,000 after acquiring an additional 34,585 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of KB Financial Group by 4.9% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 447,400 shares of the bank's stock valued at $25,457,000 after acquiring an additional 20,970 shares during the last quarter. Trinity Street Asset Management LLP boosted its holdings in shares of KB Financial Group by 35.6% during the 1st quarter. Trinity Street Asset Management LLP now owns 330,384 shares of the bank's stock valued at $17,877,000 after acquiring an additional 86,737 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of KB Financial Group by 19.5% in the fourth quarter. Marshall Wace LLP now owns 256,689 shares of the bank's stock worth $14,606,000 after acquiring an additional 41,818 shares during the period. Institutional investors own 11.52% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of KB Financial Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st.

KB Financial Group Stock Performance

KB traded down $1.52 during mid-day trading on Friday, reaching $77.63. 341,155 shares of the company traded hands, compared to its average volume of 283,449. The company's fifty day moving average price is $80.60 and its 200-day moving average price is $66.18. The stock has a market capitalization of $29.61 billion, a P/E ratio of 7.53, a P/E/G ratio of 0.61 and a beta of 1.06. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.40. KB Financial Group Inc has a 52-week low of $46.38 and a 52-week high of $92.39.

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.