Thornburg Investment Management Inc. Has $1.49 Million Stake in KB Financial Group Inc (NYSE:KB)

Key Points

• Thornburg Investment Management Inc. reduced its stake in KB Financial Group by 22.8%, now holding 27,458 shares valued at approximately $1.49 million.
• Wall Street Zen upgraded KB Financial Group from a "hold" to a "buy" rating on May 21st.
• KB Financial Group's stock has a market cap of $30.36 billion and is currently trading at around $79.58, with a 12-month price range between $46.38 and $92.39.

Thornburg Investment Management Inc. lowered its position in KB Financial Group Inc (NYSE:KB - Free Report) by 22.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,458 shares of the bank's stock after selling 8,130 shares during the quarter. Thornburg Investment Management Inc.'s holdings in KB Financial Group were worth $1,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of KB. Bruce G. Allen Investments LLC grew its holdings in KB Financial Group by 141.8% during the 1st quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank's stock valued at $50,000 after buying an additional 543 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of KB Financial Group by 659.4% during the fourth 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 in the last quarter. Cetera Investment Advisers lifted its holdings in KB Financial Group by 7.4% in the fourth quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock valued at $214,000 after acquiring an additional 258 shares during the period. Perigon Wealth Management LLC purchased a new stake in KB Financial Group in the first quarter worth about $214,000. Finally, Commonwealth Equity Services LLC bought a new stake in KB Financial Group during the 4th quarter valued at approximately $222,000. Institutional investors and hedge funds own 11.52% of the company's stock.

Analyst Ratings Changes

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

KB Financial Group Trading Up 1.1%

Shares of KB stock traded up $0.88 during mid-day trading on Wednesday, hitting $80.39. 275,172 shares of the company's stock were exchanged, compared to its average volume of 278,997. KB Financial Group Inc has a fifty-two week low of $46.38 and a fifty-two week high of $92.39. The stock has a market cap of $30.67 billion, a price-to-earnings ratio of 7.80, a PEG 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. The stock has a 50-day simple moving average of $80.22 and a two-hundred day simple moving average of $65.95.

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.