Crossmark Global Holdings Inc. Acquires 5,637 Shares of KB Financial Group, Inc. (KB)

Crossmark Global Holdings Inc. grew its holdings in KB Financial Group, Inc. (NYSE:KB) by 12.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,468 shares of the bank’s stock after acquiring an additional 5,637 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in KB Financial Group were worth $2,533,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Stelac Advisory Services LLC bought a new stake in KB Financial Group during the third quarter worth about $105,000. Millennium Management LLC bought a new stake in KB Financial Group during the first quarter worth about $208,000. JPMorgan Chase & Co. lifted its position in KB Financial Group by 50.9% during the first quarter. JPMorgan Chase & Co. now owns 4,813 shares of the bank’s stock worth $279,000 after purchasing an additional 1,624 shares during the period. Renaissance Technologies LLC bought a new stake in KB Financial Group during the second quarter worth about $367,000. Finally, Cynosure Advisors LLC lifted its position in KB Financial Group by 43.0% during the second quarter. Cynosure Advisors LLC now owns 8,507 shares of the bank’s stock worth $395,000 after purchasing an additional 2,560 shares during the period. 6.07% of the stock is owned by institutional investors.

KB has been the subject of several recent analyst reports. Bank of America cut shares of KB Financial Group from a “buy” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research report on Thursday, August 30th. Zacks Investment Research raised shares of KB Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. Finally, Credit Suisse Group initiated coverage on shares of KB Financial Group in a research report on Tuesday, October 23rd. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $61.50.

KB stock opened at $41.47 on Friday. The stock has a market capitalization of $16.71 billion, a PE ratio of 5.58, a P/E/G ratio of 1.13 and a beta of 1.24. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.65 and a quick ratio of 1.65. KB Financial Group, Inc. has a 12 month low of $41.04 and a 12 month high of $63.96.

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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.

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

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