Optas LLC Takes $261,000 Position in KB Financial Group Inc. (NYSE:KB)

Optas LLC bought a new stake in KB Financial Group Inc. (NYSE:KB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,579 shares of the bank’s stock, valued at approximately $261,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BOCHK Asset Management Ltd purchased a new stake in KB Financial Group in the 3rd quarter worth approximately $25,000. Wilmington Savings Fund Society FSB purchased a new position in KB Financial Group during the third quarter valued at $35,000. Venturi Wealth Management LLC boosted its stake 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 worth $67,000 after purchasing an additional 1,044 shares in the last quarter. GAMMA Investing LLC increased its stake in 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 purchasing an additional 345 shares in the last quarter. Finally, CWM LLC raised 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 worth $176,000 after acquiring an additional 155 shares during the last quarter. Institutional investors own 11.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KB shares. Morgan Stanley raised shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th. StockNews.com cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Monday.

KB Financial Group Stock Performance

NYSE:KB opened at $62.62 on Wednesday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a 50-day simple moving average of $61.16 and a two-hundred day simple moving average of $63.17. The firm has a market capitalization of $24.64 billion, a PE ratio of 7.30, a P/E/G ratio of 0.47 and a beta of 0.99. KB Financial Group Inc. has a 52-week low of $45.59 and a 52-week 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.