Optas LLC Establishes New Stake in KB Financial Group Inc. (NYSE:KB)

Optas LLC has recently entered a new investment in KB Financial Group Inc. (NYSE:KB) during the 4th quarter, as indicated by its latest filing with the SEC. The firm acquired a total of 4,579 shares of the bank's stock, representing an investment valued at approximately $261,000.

In addition to Optas LLC, other institutional investors have also been involved in buying and selling shares of KB Financial Group. Notably, Connor Clark & Lunn Investment Management Ltd. raised its stake in KB Financial Group by 23.0% during the third quarter, bringing its total ownership to 779,499 shares worth $48,134,000 after acquiring an additional 145,861 shares. Furthermore, the Teachers Retirement System of The State of Kentucky increased its holdings by 15.2%, now owning 426,430 shares valued at $26,332,000 following the purchase of an additional 56,400 shares during the same quarter.

In the third quarter, the Public Employees Retirement System of Ohio made a new investment in KB Financial Group worth about $7,291,000. Additionally, UBS Asset Management Americas LLC boosted its position in the company by 46.6%, holding 93,850 shares valued at $5,795,000 after acquiring 29,850 shares. Creative Planning also grew its holdings in KB Financial Group by 9.5%, now owning 86,130 shares worth $5,319,000 after purchasing an extra 7,494 shares. It is notable that institutional investors collectively own approximately 11.52% of KB Financial Group's stock.

Market Outlook and Analyst Ratings

KB Financial Group has received attention from several research analysts recently. Morgan Stanley upgraded its rating on KB Financial Group from "equal weight" to "overweight" in a report published on December 12th. Conversely, StockNews.com downgraded the company's shares from a "buy" to a "hold" rating on Monday, reflecting mixed sentiment among analysts.

Overall, as of Wednesday, KB Financial Group shares opened at $62.62. The stock has a 50-day moving average of $61.16 and a 200-day moving average of $63.17. Currently, KB Financial Group has a market capitalization of $24.64 billion, with a price-to-earnings ratio of 7.30, a P/E/G ratio of 0.47, and a beta of 0.99. Over the past year, the stock has seen a low of $45.59 and a high of $72.89. The company maintains a current ratio of 1.66, a quick ratio of 1.66, and a debt-to-equity ratio of 2.29.

About KB Financial Group Inc.

KB Financial Group Inc. provides an array of banking and financial services to individuals and businesses across various regions, including South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through multiple segments, including Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance.

Investment Considerations

For those considering an investment in KB Financial Group, it is important to review the latest ratings and assessments from top analysts. Market analysts highlight that while KB Financial Group currently has a "Buy" rating, there are other stocks that analysts are recommending more strongly. Individuals should conduct further research before making any investment decisions.

investment, finance, banking