Raiffeisen Bank International AG Purchases New Position in KB Financial Group Inc (NYSE:KB)

Key Points

• Raiffeisen Bank International AG has acquired a stake of 9,869 shares in KB Financial Group, valued at approximately $527,000, as disclosed in its recent 13F filing with the SEC.
• Several institutions have increased their investments in KB Financial Group, with notable increases including Bruce G. Allen Investments LLC's holdings rising by 141.8%.
• KB Financial Group's stock received an upgrade from a "hold" to a "buy" rating by Wall Street Zen, reflecting a positive outlook for the company's performance.

Raiffeisen Bank International AG purchased a new position in shares of KB Financial Group Inc (NYSE:KB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,869 shares of the bank's stock, valued at approximately $527,000.

Other hedge funds also recently modified their holdings of the company. Seeds Investor LLC grew its position in KB Financial Group by 2.9% in the 4th quarter. Seeds Investor LLC now owns 6,923 shares of the bank's stock worth $394,000 after purchasing an additional 195 shares during the last quarter. Cetera Investment Advisers grew its position in KB Financial Group by 7.4% in the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock worth $214,000 after purchasing an additional 258 shares during the last quarter. PDS Planning Inc grew its position in KB Financial Group by 3.5% in the 1st quarter. PDS Planning Inc now owns 8,024 shares of the bank's stock worth $434,000 after purchasing an additional 271 shares during the last quarter. US Bancorp DE grew its position in KB Financial Group by 1.3% in the 1st quarter. US Bancorp DE now owns 20,442 shares of the bank's stock worth $1,106,000 after purchasing an additional 272 shares during the last quarter. Finally, Aaron Wealth Advisors LLC grew its position in KB Financial Group by 6.7% in the 1st quarter. Aaron Wealth Advisors LLC now owns 5,161 shares of the bank's stock worth $279,000 after purchasing an additional 325 shares during the last quarter. Institutional investors and hedge funds own 11.52% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of KB Financial Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd.

KB Financial Group Price Performance

Shares of NYSE:KB traded down $0.61 during midday trading on Friday, reaching $82.02. 92,030 shares of the company's stock were exchanged, compared to its average volume of 292,358. The company's 50 day simple moving average is $81.51 and its two-hundred day simple moving average is $66.96. The firm has a market capitalization of $31.29 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 0.63 and a beta of 1.06. KB Financial Group Inc has a 12 month low of $46.38 and a 12 month high of $92.39. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.68 and a current ratio of 1.68.

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.