Sei Investments Co. Boosts Stock Position in KB Financial Group Inc $KB

Key Points

• Sei Investments increased its KB Financial Group position by 49.9% in the first quarter, ending with 40,273 shares valued at approximately $4.02 million.
• Several other institutional investors also added or initiated positions, bringing hedge funds’ and other institutional investors’ ownership to 11.52% of KB Financial Group’s stock.
• KB shares opened at $121.36, near their 12-month high of $125.62, while analysts maintained a generally positive outlook with an average rating of “Buy.”

Sei Investments Co. grew its position in KB Financial Group Inc (NYSE:KB - Free Report) by 49.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,273 shares of the bank's stock after purchasing an additional 13,408 shares during the period. Sei Investments Co.'s holdings in KB Financial Group were worth $4,017,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Calamos Advisors LLC purchased a new position in KB Financial Group during the 1st quarter worth approximately $3,842,000. WCM Investment Management LLC purchased a new stake in shares of KB Financial Group in the 1st quarter valued at $24,497,000. M&T Bank Corp purchased a new stake in shares of KB Financial Group in the 4th quarter valued at $36,964,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of KB Financial Group by 8.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 139,627 shares of the bank's stock valued at $12,014,000 after acquiring an additional 10,662 shares during the last quarter. Finally, Ethic Inc. increased its stake in shares of KB Financial Group by 9.6% in the fourth quarter. Ethic Inc. now owns 68,586 shares of the bank's stock worth $5,901,000 after acquiring an additional 5,980 shares during the period. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

KB Financial Group Stock Up 0.6%

Shares of KB opened at $121.36 on Friday. The firm has a market cap of $43.05 billion, a P/E ratio of 10.89, a PEG ratio of 0.72 and a beta of 1.01. KB Financial Group Inc has a 12 month low of $76.31 and a 12 month high of $125.62. The stock's 50 day moving average is $111.51 and its two-hundred day moving average is $106.95. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.47.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KB. The Goldman Sachs Group reissued a "buy" rating on shares of KB Financial Group in a report on Wednesday, July 1st. Zacks Research raised KB Financial Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of KB Financial Group in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy".

KB Financial Group Company Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company's principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.

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