Ranmore Fund Management Ltd bought a new position in KB Financial Group Inc (NYSE:KB - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 235,549 shares of the bank's stock, valued at approximately $12,746,000. KB Financial Group accounts for approximately 7.6% of Ranmore Fund Management Ltd's holdings, making the stock its 7th largest position. Ranmore Fund Management Ltd owned 0.06% of KB Financial Group as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in KB. Virtus Family Office LLC boosted its stake in KB Financial Group by 5.5% during the first quarter. Virtus Family Office LLC now owns 16,536 shares of the bank's stock valued at $904,000 after buying an additional 867 shares in the last quarter. Invesco Ltd. boosted its stake in KB Financial Group by 2.1% during the first quarter. Invesco Ltd. now owns 25,116 shares of the bank's stock valued at $1,359,000 after buying an additional 520 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in KB Financial Group by 3.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 844,377 shares of the bank's stock valued at $45,689,000 after buying an additional 28,484 shares in the last quarter. Raiffeisen Bank International AG bought a new position in KB Financial Group during the first quarter valued at about $527,000. Finally, JBF Capital Inc. bought a new position in KB Financial Group during the first quarter valued at about $271,000. 11.52% of the stock is owned by institutional investors and hedge funds.
KB Financial Group Trading Down 0.0%
Shares of NYSE:KB traded down $0.01 during midday trading on Friday, reaching $81.87. The company had a trading volume of 128,588 shares, compared to its average volume of 276,965. 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 Inc has a 1-year low of $46.38 and a 1-year high of $92.39. The firm has a market cap of $31.23 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 0.63 and a beta of 1.06. The company has a fifty day simple moving average of $82.10 and a two-hundred day simple moving average of $67.66.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut KB Financial Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th.
Check Out Our Latest Research Report on KB
KB Financial Group Profile
(
Free Report)
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.
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