Drive Wealth Management LLC Acquires Shares of 3,555 KB Financial Group Inc. (NYSE:KB)

Drive Wealth Management LLC bought a new position in shares of KB Financial Group Inc. (NYSE:KB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,555 shares of the bank’s stock, valued at approximately $219,000.

Other institutional investors have also modified their holdings of the company. BOCHK Asset Management Ltd purchased a new position in KB Financial Group during the 3rd quarter worth $25,000. Hilltop National Bank purchased a new position in shares of KB Financial Group during the second quarter worth about $34,000. Benjamin F. Edwards & Company Inc. increased its position in 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 acquiring an additional 310 shares during the period. GAMMA Investing LLC raised its stake in KB Financial Group by 35.6% during the 2nd quarter. GAMMA Investing LLC now owns 934 shares of the bank’s stock valued at $53,000 after acquiring an additional 245 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in 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 acquiring an additional 1,044 shares during the period. 11.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

KB Financial Group Trading Up 1.7 %

Shares of KB Financial Group stock opened at $65.25 on Tuesday. The firm has a market cap of $25.68 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 0.56 and a beta of 0.97. KB Financial Group Inc. has a 52-week low of $36.57 and a 52-week high of $72.89. The company’s 50-day simple moving average is $64.76 and its 200-day simple moving average is $61.56. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.33.

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.