Clark Capital Management Group Inc. grew its stake in shares of KB Financial Group Inc. (NYSE:KB – Get Rating) by 3.4% in the first quarter, Holdings Channel reports. The firm owned 786,871 shares of the bank's stock after acquiring an additional 25,686 shares during the period. Clark Capital Management Group Inc.'s holdings in KB Financial Group were worth $38,423,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of KB Financial Group by 86.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 600,940 shares of the bank's stock valued at $29,344,000 after acquiring an additional 278,345 shares in the last quarter. Aaron Wealth Advisors LLC bought a new stake in shares of KB Financial Group in the first quarter valued at about $2,463,000. Royal London Asset Management Ltd. raised its holdings in shares of KB Financial Group by 17.5% in the first quarter. Royal London Asset Management Ltd. now owns 720,294 shares of the bank's stock valued at $35,226,000 after acquiring an additional 107,023 shares in the last quarter. Causeway Capital Management LLC bought a new stake in shares of KB Financial Group in the fourth quarter valued at about $1,926,000. Finally, Todd Asset Management LLC raised its holdings in shares of KB Financial Group by 5.0% in the first quarter. Todd Asset Management LLC now owns 552,912 shares of the bank's stock valued at $26,965,000 after acquiring an additional 26,117 shares in the last quarter. 5.54% of the stock is owned by hedge funds and other institutional investors.
Get KB Financial Group alerts:KB Financial Group Stock Performance
Shares of KB Financial Group stock opened at $35.76 on Friday. KB Financial Group Inc. has a one year low of $33.15 and a one year high of $55.31. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.72 and a current ratio of 1.72. The company has a market capitalization of $14.62 billion, a PE ratio of 3.72, a P/E/G ratio of 0.40 and a beta of 0.82. The company has a 50-day simple moving average of $36.77 and a two-hundred day simple moving average of $42.79.
Analyst Ratings Changes
A number of brokerages have commented on KB. StockNews.com downgraded shares of KB Financial Group from a "strong-buy" rating to a "buy" rating in a report on Monday, May 23rd. The Goldman Sachs Group downgraded shares of KB Financial Group from a "conviction-buy" rating to a "buy" rating in a report on Wednesday, May 18th.About KB Financial Group
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KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. The company operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.
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