Victory Capital Management Inc. Grows 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. raised its holdings in KB Financial Group Inc (NYSE:KB - Free Report) by 27.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,620 shares of the bank's stock after buying an additional 3,345 shares during the period. Victory Capital Management Inc.'s holdings in KB Financial Group were worth $845,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Northern Trust Corp lifted 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 purchasing an additional 689,979 shares in the last quarter. Capital International Investors increased its holdings in KB Financial Group by 7.2% during the fourth quarter. Capital International Investors now owns 512,752 shares of the bank's stock worth $29,194,000 after buying an additional 34,585 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in KB Financial Group by 4.9% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 447,400 shares of the bank's stock worth $25,457,000 after buying an additional 20,970 shares during the last quarter. Trinity Street Asset Management LLP increased its holdings in KB Financial Group by 35.6% during the first quarter. Trinity Street Asset Management LLP now owns 330,384 shares of the bank's stock worth $17,877,000 after buying an additional 86,737 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in KB Financial Group by 19.5% during the fourth quarter. Marshall Wace LLP now owns 256,689 shares of the bank's stock worth $14,606,000 after buying an additional 41,818 shares during the last quarter. 11.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

KB Financial Group Stock Performance

Shares of KB traded down $1.52 during trading hours on Friday, hitting $77.63. The company's stock had a trading volume of 341,155 shares, compared to its average volume of 283,449. The company has a market cap of $29.61 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.61 and a beta of 1.06. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.68 and a quick ratio of 1.68. The business has a 50 day simple moving average of $80.71 and a two-hundred day simple moving average of $66.29. 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.