Victory Capital Management Inc. Raises Holdings in KB Financial Group Inc (NYSE:KB)

Key Points

• Victory Capital Management Inc. has increased its holdings in KB Financial Group by 27.3% in the first quarter, bringing their total to 15,620 shares valued at approximately $845,000.
• Other hedge funds have also made significant investments in KB Financial Group, with SG Americas Securities LLC boosting their stake by 152.1% during the same period.
• Analysts at Wall Street Zen have upgraded KB Financial Group's rating from "hold" to "buy," reflecting positive sentiment on the stock's performance.

Victory Capital Management Inc. boosted its holdings in shares of KB Financial Group Inc (NYSE:KB - Free Report) by 27.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,620 shares of the bank's stock after purchasing an additional 3,345 shares during the quarter. Victory Capital Management Inc.'s holdings in KB Financial Group were worth $845,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KB. Bruce G. Allen Investments LLC increased its stake in KB Financial Group by 141.8% in the 1st quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank's stock worth $50,000 after acquiring an additional 543 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of KB Financial Group by 659.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock valued at $137,000 after purchasing an additional 2,097 shares during the last quarter. Cetera Investment Advisers increased its position in shares of KB Financial Group by 7.4% during the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock valued at $214,000 after purchasing an additional 258 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in shares of KB Financial Group during the 4th quarter valued at approximately $222,000. Finally, Perigon Wealth Management LLC bought a new position in shares of KB Financial Group during the 1st quarter valued at approximately $214,000. Institutional investors own 11.52% of the company's stock.

KB Financial Group Trading Up 1.7%

Shares of NYSE KB traded up $1.32 during trading hours on Monday, hitting $79.00. 124,727 shares of the company traded hands, compared to its average volume of 201,530. The stock has a market capitalization of $30.14 billion, a price-to-earnings ratio of 7.66, a price-to-earnings-growth ratio of 0.59 and a beta of 1.06. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.40. The company's 50 day moving average price is $80.71 and its 200 day moving average price is $66.34. KB Financial Group Inc has a 12 month low of $46.38 and a 12 month high of $92.39.

Analyst Upgrades and Downgrades

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 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.