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 stake in shares of KB Financial Group Inc. (NYSE:KB) by 23.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 779,499 shares of the bank’s stock after purchasing an additional 145,861 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.20% of KB Financial Group worth $48,134,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Boston Partners raised its position in shares of KB Financial Group by 195.1% in the 1st quarter. Boston Partners now owns 100,447 shares of the bank’s stock valued at $5,233,000 after buying an additional 66,413 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of KB Financial Group by 20.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 370,030 shares of the bank’s stock valued at $19,267,000 after purchasing an additional 64,000 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of KB Financial Group in the 3rd quarter valued at $3,516,000. NINE MASTS CAPITAL Ltd bought a new position in shares of KB Financial Group in the 2nd quarter valued at $2,038,000. Finally, American Century Companies Inc. raised its holdings in shares of KB Financial Group by 7.1% during the 2nd quarter. American Century Companies Inc. now owns 511,542 shares of the bank’s stock worth $28,958,000 after buying an additional 33,900 shares in the last quarter. Institutional investors own 11.52% of the company’s stock.

Analyst Ratings Changes

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

KB Financial Group Trading Up 0.9 %

Shares of KB Financial Group stock opened at $65.84 on Wednesday. The firm has a market capitalization of $25.91 billion, a PE ratio of 7.67, a price-to-earnings-growth 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 firm’s 50 day moving average is $64.82 and its 200 day moving average is $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.