3,555 Shares in KB Financial Group Inc. (NYSE:KB) Acquired by Drive Wealth Management LLC

Drive Wealth Management LLC acquired a new stake in KB Financial Group Inc. (NYSE:KB) in the 3rd quarter, Holdings Channel reports. The firm acquired 3,555 shares of the bank’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KB. Adero Partners LLC increased its holdings in KB Financial Group by 6.1% during the 3rd quarter. Adero Partners LLC now owns 5,097 shares of the bank’s stock valued at $315,000 after acquiring an additional 295 shares in the last quarter. Venturi Wealth Management LLC increased its stake 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 worth $67,000 after purchasing an additional 1,044 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of KB Financial Group during the 3rd quarter worth approximately $1,786,000. QRG Capital Management Inc. lifted its stake in KB Financial Group by 14.5% in the 3rd quarter. QRG Capital Management Inc. now owns 11,985 shares of the bank’s stock valued at $740,000 after buying an additional 1,517 shares in the last quarter. Finally, US Bancorp DE lifted its stake in KB Financial Group by 11.8% in the 3rd quarter. US Bancorp DE now owns 23,092 shares of the bank’s stock valued at $1,426,000 after buying an additional 2,437 shares in the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Stock Up 1.7 %

Shares of NYSE:KB opened at $65.25 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.33. The firm has a market cap of $25.68 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 0.56 and a beta of 0.97. The stock’s 50-day moving average price is $64.76 and its two-hundred day moving average price is $61.56. KB Financial Group Inc. has a 12-month low of $36.57 and a 12-month high of $72.89.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th.

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.