Cullen Capital Management LLC Raises Position in KB Financial Group Inc $KB

Cullen Capital Management LLC grew its stake in KB Financial Group Inc (NYSE:KB) by 19.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 111,477 shares of the bank’s stock after purchasing an additional 18,255 shares during the period. Cullen Capital Management LLC’s holdings in KB Financial Group were worth $9,207,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust raised its holdings in KB Financial Group by 585.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock valued at $28,000 after buying an additional 287 shares during the period. First Horizon Advisors Inc. bought a new position in KB Financial Group during the second quarter valued at $25,000. PDS Planning Inc raised its stake in shares of KB Financial Group by 4.3% in the second quarter. PDS Planning Inc now owns 8,373 shares of the bank’s stock valued at $692,000 after acquiring an additional 349 shares during the period. Groupama Asset Managment raised its stake in shares of KB Financial Group by 1.9% in the second quarter. Groupama Asset Managment now owns 19,478 shares of the bank’s stock valued at $1,588,000 after acquiring an additional 360 shares during the period. Finally, Aprio Wealth Management LLC lifted its holdings in shares of KB Financial Group by 4.9% in the 1st quarter. Aprio Wealth Management LLC now owns 9,617 shares of the bank’s stock worth $520,000 after acquiring an additional 446 shares during the last quarter. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Down 0.2%

Shares of KB opened at $85.18 on Monday. The firm has a fifty day moving average price of $84.01 and a 200-day moving average price of $82.22. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.38. The firm has a market capitalization of $32.49 billion, a P/E ratio of 8.04, a P/E/G ratio of 0.69 and a beta of 1.11. KB Financial Group Inc has a 12-month low of $46.38 and a 12-month high of $92.39.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of KB Financial Group in a research report on Monday, December 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, KB Financial Group presently has a consensus rating of “Buy”.

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.