Ranmore Fund Management Ltd Invests $12.75 Million in KB Financial Group Inc (NYSE:KB)

Key Points

• Ranmore Fund Management Ltd has acquired 235,549 shares of KB Financial Group Inc, valued at approximately $12.7 million, making it the fund's 7th largest holding.
• Recent investments in KB Financial Group include Virtus Family Office LLC and Invesco Ltd., which have both increased their stakes in the bank during the first quarter.
• KB Financial Group's shares were downgraded from a "buy" to a "hold" rating by Wall Street Zen in a recent analyst report.

Ranmore Fund Management Ltd purchased a new position in KB Financial Group Inc (NYSE:KB - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 235,549 shares of the bank's stock, valued at approximately $12,746,000. KB Financial Group accounts for 7.6% of Ranmore Fund Management Ltd's portfolio, making the stock its 7th biggest position. Ranmore Fund Management Ltd owned 0.06% of KB Financial Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Northern Trust Corp grew its position in 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 buying an additional 689,979 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of KB Financial Group by 3.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 844,377 shares of the bank's stock worth $45,689,000 after purchasing an additional 28,484 shares during the period. Capital International Investors boosted its position in shares of KB Financial Group by 7.2% in the fourth quarter. Capital International Investors now owns 512,752 shares of the bank's stock worth $29,194,000 after purchasing an additional 34,585 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of KB Financial Group by 4.9% in 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 purchasing an additional 20,970 shares during the period. Finally, Trinity Street Asset Management LLP boosted its position in shares of KB Financial Group by 35.6% in the first quarter. Trinity Street Asset Management LLP now owns 330,384 shares of the bank's stock worth $17,877,000 after purchasing an additional 86,737 shares during the period. 11.52% of the stock is currently owned by institutional investors.

KB Financial Group Price Performance

Shares of KB traded down $1.84 during mid-day trading on Thursday, reaching $81.82. The stock had a trading volume of 194,178 shares, compared to its average volume of 278,549. The firm has a market cap of $31.21 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 0.64 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 business has a fifty day moving average of $82.02 and a 200 day moving average of $67.53. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.68 and a current ratio of 1.68.

Analyst Upgrades and Downgrades

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

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.