Banque Pictet & Cie SA Buys New Position in KB Financial Group Inc. (NYSE:KB)

Banque Pictet & Cie SA bought a new stake in KB Financial Group Inc. (NYSE:KB) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,976 shares of the bank’s stock, valued at approximately $283,000.

A number of other large investors have also recently made changes to their positions in KB. CWM LLC boosted its position in shares of 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 during the period. Creative Planning lifted 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 acquiring an additional 7,494 shares during the period. Bleakley Financial Group LLC lifted its position in KB Financial Group by 1.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 13,248 shares of the bank’s stock worth $818,000 after acquiring an additional 208 shares during the period. Aaron Wealth Advisors LLC lifted its position in KB Financial Group by 21.5% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 4,755 shares of the bank’s stock worth $294,000 after acquiring an additional 841 shares during the period. Finally, Blue Trust Inc. lifted its position in KB Financial Group by 252.2% during the 3rd quarter. Blue Trust Inc. now owns 28,243 shares of the bank’s stock worth $1,599,000 after acquiring an additional 20,225 shares during the period. 11.52% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Stock Down 1.0 %

KB opened at $55.75 on Friday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. The business has a 50 day simple moving average of $59.61 and a 200-day simple moving average of $62.93. The stock has a market capitalization of $21.94 billion, a P/E ratio of 6.50, a P/E/G ratio of 0.46 and a beta of 0.99. KB Financial Group Inc. has a 12 month low of $45.59 and a 12 month high of $72.89.

Wall Street Analysts Forecast Growth

KB has been the subject of a number of recent research reports. Morgan Stanley raised KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th. StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th.

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.