Connor Clark & Lunn Investment Management Ltd. Has $48.13 Million Stock Holdings in KB Financial Group Inc. (NYSE:KB)

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of KB Financial Group Inc. (NYSE:KB) by 23.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 779,499 shares of the bank’s stock after purchasing an additional 145,861 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in KB Financial Group were worth $48,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. BOCHK Asset Management Ltd bought a new stake in KB Financial Group during the 3rd quarter worth approximately $25,000. Hilltop National Bank bought a new stake in shares of KB Financial Group in the second quarter worth $34,000. Benjamin F. Edwards & Company Inc. increased its holdings in KB Financial Group by 66.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank’s stock valued at $44,000 after purchasing an additional 310 shares during the period. GAMMA Investing LLC raised its position in KB Financial Group by 35.6% during the 2nd quarter. GAMMA Investing LLC now owns 934 shares of the bank’s stock worth $53,000 after purchasing an additional 245 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of KB Financial Group by 2,427.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock valued at $67,000 after buying an additional 1,044 shares during the last quarter. Institutional investors own 11.52% of the company’s stock.

Analysts Set New Price Targets

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

KB Financial Group Stock Performance

Shares of KB Financial Group stock opened at $65.84 on Wednesday. The company has a market cap of $25.91 billion, a P/E ratio of 7.67, a PEG ratio of 0.56 and a beta of 0.97. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. The business has a 50-day moving average price of $64.82 and a two-hundred day moving average price of $61.65. KB Financial Group Inc. has a 1-year low of $36.57 and a 1-year high of $72.89.

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.