Quantinno Capital Management LP Grows Stock Holdings in KB Financial Group Inc. (NYSE:KB)

Quantinno Capital Management LP increased its stake in shares of KB Financial Group Inc. (NYSE:KB) by 26.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 20,697 shares of the bank’s stock after acquiring an additional 4,317 shares during the period. Quantinno Capital Management LP’s holdings in KB Financial Group were worth $1,278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KB. BOCHK Asset Management Ltd purchased a new stake in KB Financial Group in the 3rd quarter valued at approximately $25,000. Benjamin F. Edwards & Company Inc. boosted its holdings in KB Financial Group by 66.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank’s stock valued at $44,000 after purchasing an additional 310 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in KB Financial Group by 2,427.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock valued at $67,000 after purchasing an additional 1,044 shares in the last quarter. GAMMA Investing LLC boosted its holdings in KB Financial Group by 36.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,279 shares of the bank’s stock valued at $79,000 after purchasing an additional 345 shares in the last quarter. Finally, CWM LLC boosted its holdings in KB Financial Group by 5.7% in the 3rd quarter. CWM LLC now owns 2,851 shares of the bank’s stock valued at $176,000 after purchasing an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Price Performance

KB stock opened at $60.84 on Friday. The firm has a 50 day moving average of $66.38 and a 200-day moving average of $62.66. KB Financial Group Inc. has a 12-month low of $36.57 and a 12-month high of $72.89. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. The company has a market cap of $23.94 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 0.53 and a beta of 0.96.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KB shares. Morgan Stanley raised KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday. StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th.

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.