Mizuho Securities Co. Ltd. Takes Position in KB Financial Group, Inc. (KB)

Mizuho Securities Co. Ltd. bought a new position in KB Financial Group, Inc. (NYSE:KB) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 4,000 shares of the bank’s stock, valued at approximately $148,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Eagle Asset Management Inc. increased its position in shares of KB Financial Group by 5.4% during the 1st quarter. Eagle Asset Management Inc. now owns 7,097 shares of the bank’s stock worth $263,000 after purchasing an additional 361 shares during the last quarter. Shine Investment Advisory Services Inc. increased its position in shares of KB Financial Group by 60.7% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 988 shares of the bank’s stock worth $37,000 after purchasing an additional 373 shares during the last quarter. Eqis Capital Management Inc. increased its position in shares of KB Financial Group by 2.1% during the 4th quarter. Eqis Capital Management Inc. now owns 20,777 shares of the bank’s stock worth $872,000 after purchasing an additional 422 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of KB Financial Group by 12.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the bank’s stock worth $163,000 after purchasing an additional 444 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of KB Financial Group by 62.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,287 shares of the bank’s stock worth $48,000 after purchasing an additional 494 shares during the last quarter. 6.09% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the company. Zacks Investment Research downgraded KB Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, February 1st. Goldman Sachs Group assumed coverage on KB Financial Group in a research report on Sunday, March 31st. They set a “buy” rating for the company. Finally, CLSA raised KB Financial Group from an “underperform” rating to an “outperform” rating in a research report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $61.00.

NYSE KB opened at $38.53 on Monday. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 4.92, a PEG ratio of 1.18 and a beta of 0.77. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.61 and a quick ratio of 1.64. KB Financial Group, Inc. has a 1-year low of $35.89 and a 1-year high of $53.31.

COPYRIGHT VIOLATION NOTICE: “Mizuho Securities Co. Ltd. Takes Position in KB Financial Group, Inc. (KB)” was posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://www.baseballdailydigest.com/news/2019/05/20/mizuho-securities-co-ltd-takes-position-in-kb-financial-group-inc-kb.html.

KB Financial Group Profile

KB Financial Group Inc, a financial holding company, provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. It operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.

Recommended Story: Trade Deficit

Want to see what other hedge funds are holding KB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Financial Group, Inc. (NYSE:KB).

Institutional Ownership by Quarter for KB Financial Group (NYSE:KB)

Receive News & Ratings for KB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.