Aprio Wealth Management LLC Acquires 1,171 Shares of KB Financial Group Inc. (NYSE:KB)

Aprio Wealth Management LLC grew its stake in shares of KB Financial Group Inc. (NYSE:KB) by 14.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,171 shares of the bank’s stock after purchasing an additional 1,171 shares during the quarter. Aprio Wealth Management LLC’s holdings in KB Financial Group were worth $522,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of KB. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of KB Financial Group by 23.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 779,499 shares of the bank’s stock valued at $48,134,000 after acquiring an additional 145,861 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in KB Financial Group during the 3rd quarter valued at approximately $7,291,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in KB Financial Group during the 3rd quarter valued at approximately $3,516,000. Teachers Retirement System of The State of Kentucky lifted its holdings in KB Financial Group by 15.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank’s stock worth $26,332,000 after buying an additional 56,400 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of KB Financial Group by 7.1% during the second quarter. American Century Companies Inc. now owns 511,542 shares of the bank’s stock valued at $28,958,000 after buying an additional 33,900 shares during the period. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Trading Up 3.2 %

NYSE:KB opened at $60.94 on Tuesday. KB Financial Group Inc. has a one year low of $36.57 and a one year high of $72.89. The company’s 50-day simple moving average is $62.57 and its 200 day simple moving average is $63.01. The firm has a market capitalization of $23.98 billion, a P/E ratio of 7.10, a PEG ratio of 0.52 and a beta of 0.99. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66.

Wall Street Analyst Weigh In

KB has been the topic of several recent analyst reports. Morgan Stanley upgraded shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th. StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th.

KB Financial Group Profile

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.