Ballentine Partners LLC Purchases 685 Shares of KB Financial Group Inc. (NYSE:KB)

Ballentine Partners LLC increased its position in shares of KB Financial Group Inc. (NYSE:KB) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,312 shares of the bank’s stock after acquiring an additional 685 shares during the quarter. Ballentine Partners LLC’s holdings in KB Financial Group were worth $1,326,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Creative Planning grew its position in KB Financial Group by 9.5% during the 3rd quarter. Creative Planning now owns 86,130 shares of the bank’s stock worth $5,319,000 after purchasing an additional 7,494 shares during the last quarter. FMR LLC grew its position in KB Financial Group by 121.6% during the 3rd quarter. FMR LLC now owns 33,642 shares of the bank’s stock worth $2,077,000 after purchasing an additional 18,459 shares during the last quarter. Cerity Partners LLC grew its position in KB Financial Group by 69.6% during the 3rd quarter. Cerity Partners LLC now owns 34,134 shares of the bank’s stock worth $2,108,000 after purchasing an additional 14,008 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in KB Financial Group by 412.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 23,163 shares of the bank’s stock worth $1,430,000 after purchasing an additional 18,645 shares during the last quarter. Finally, Stifel Financial Corp grew its position in KB Financial Group by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 21,371 shares of the bank’s stock worth $1,320,000 after purchasing an additional 308 shares during the last quarter. Institutional investors own 11.52% of the company’s stock.

Analysts Set New Price Targets

KB has been the topic of several research analyst reports. Morgan Stanley raised shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th. StockNews.com raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th.

KB Financial Group Stock Up 2.6 %

KB stock opened at $62.87 on Wednesday. The firm’s fifty day simple moving average is $62.07 and its 200-day simple moving average is $63.12. The company has a market capitalization of $24.74 billion, a P/E ratio of 7.33, a price-to-earnings-growth ratio of 0.47 and a beta of 0.99. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. KB Financial Group Inc. has a 12 month low of $36.73 and a 12 month high of $72.89.

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.