XTX Topco Ltd Makes New Investment in KB Financial Group Inc. (NYSE:KB)

XTX Topco Ltd acquired a new stake in KB Financial Group Inc. (NYSE:KB) during the third quarter, HoldingsChannel.com reports. The fund acquired 8,530 shares of the bank’s stock, valued at approximately $527,000.

Other large investors also recently modified their holdings of the company. BOCHK Asset Management Ltd acquired a new position in KB Financial Group in the third quarter valued at $25,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of KB Financial Group by 66.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank’s stock valued at $44,000 after purchasing an additional 310 shares during the period. Venturi Wealth Management LLC boosted its position in shares of KB Financial Group by 2,427.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock valued at $67,000 after purchasing an additional 1,044 shares in the last quarter. GAMMA Investing LLC grew its stake in KB Financial Group by 36.9% during the third quarter. GAMMA Investing LLC now owns 1,279 shares of the bank’s stock worth $79,000 after purchasing an additional 345 shares during the period. Finally, CWM LLC increased its holdings in KB Financial Group by 5.7% in the third quarter. CWM LLC now owns 2,851 shares of the bank’s stock worth $176,000 after purchasing an additional 155 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

KB Financial Group Stock Performance

Shares of KB Financial Group stock opened at $59.43 on Friday. The business has a 50-day simple moving average of $66.38 and a 200 day simple moving average of $62.66. KB Financial Group Inc. has a one year low of $36.57 and a one year high of $72.89. 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 firm 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.

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.