XTX Topco Ltd Buys Shares of 8,530 KB Financial Group Inc. (NYSE:KB)

XTX Topco Ltd bought a new position in KB Financial Group Inc. (NYSE:KB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,530 shares of the bank’s stock, valued at approximately $527,000.

A number of other hedge funds also recently made changes to their positions in the stock. BOCHK Asset Management Ltd bought a new position in KB Financial Group in the 3rd quarter valued at approximately $25,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of KB Financial Group by 66.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank’s stock worth $44,000 after buying an additional 310 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of 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 acquiring an additional 1,044 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of KB Financial Group by 36.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,279 shares of the bank’s stock valued at $79,000 after acquiring an additional 345 shares in the last quarter. Finally, CWM LLC grew its position in KB Financial Group by 5.7% during the 3rd quarter. CWM LLC now owns 2,851 shares of the bank’s stock worth $176,000 after acquiring an additional 155 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

KB Financial Group Stock Performance

NYSE KB opened at $59.43 on Friday. The company has a market capitalization of $23.39 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 0.53 and a beta of 0.96. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. KB Financial Group Inc. has a twelve month low of $36.57 and a twelve month high of $72.89. The stock has a fifty day simple moving average of $66.38 and a 200 day simple moving average of $62.66.

About KB Financial Group

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.