Deltec Asset Management LLC increased its position in shares of KB Financial Group Inc (NYSE:KB) by 117.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,000 shares of the bank’s stock after acquiring an additional 20,000 shares during the period. Deltec Asset Management LLC’s holdings in KB Financial Group were worth $1,814,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hermes Investment Management Ltd. acquired a new stake in KB Financial Group in the 3rd quarter valued at about $8,757,000. Arrowstreet Capital Limited Partnership raised its position in KB Financial Group by 49.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 357,279 shares of the bank’s stock valued at $18,039,000 after purchasing an additional 118,515 shares in the last quarter. Bank of America Corp DE raised its position in KB Financial Group by 118.6% in the 1st quarter. Bank of America Corp DE now owns 203,355 shares of the bank’s stock valued at $8,941,000 after purchasing an additional 110,337 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in KB Financial Group in the 3rd quarter valued at about $2,973,000. Finally, Aperio Group LLC raised its position in KB Financial Group by 12.7% in the 2nd quarter. Aperio Group LLC now owns 459,691 shares of the bank’s stock valued at $23,210,000 after purchasing an additional 51,665 shares in the last quarter. 5.68% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This news story was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://theolympiareport.com/2017/11/02/deltec-asset-management-llc-boosts-position-in-kb-financial-group-inc-kb.html.

KB has been the topic of a number of analyst reports. BidaskClub raised KB Financial Group from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research raised KB Financial Group from a “sell” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Friday, July 21st. Finally, J P Morgan Chase & Co initiated coverage on KB Financial Group in a research report on Wednesday, August 9th. They issued an “overweight” rating on the stock.

About KB Financial Group

KB Financial Group Inc is a financial holding company in Korea. The Company’s operations include Kookmin Bank, a commercial bank in Korea. The Company operates through six business segments: retail banking operations, corporate banking operations, other banking operations, credit card operations, investment and securities operations, and life insurance operations.

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

Receive News & Ratings for KB Financial Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Financial Group Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.