Korean National Pension Service Boosts KB Financial Stake
Ticker: KB · Form: 6-K · Filed: Mar 15, 2024 · CIK: 1445930
| Field | Detail |
|---|---|
| Company | Kb Financial Group Inc. (KB) |
| Form Type | 6-K |
| Filed Date | Mar 15, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: shareholder-activity, institutional-investor, disclosure
Related Tickers: KB
TL;DR
NPS just bought more KB Financial shares, now holding 8.35%.
AI Summary
On March 15, 2024, KB Financial Group Inc. announced that its largest shareholder, the Korean National Pension Service, increased its stake. The National Pension Service now holds 33,704,092 shares of common stock, representing 8.35% of the total shares, up from 8.30% (33,473,917 shares) as of December 31, 2023.
Why It Matters
An increase in ownership by a major national pension fund can signal confidence in the company's future performance and potentially influence its stock price.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of a shareholder's change in holdings and does not indicate any new risks for the company.
Key Numbers
- 8.35% — Current Ownership (The Korean National Pension Service now owns 8.35% of KB Financial Group Inc.)
- 33,704,092 shares — Current Shares Held (The Korean National Pension Service holds 33,704,092 shares of KB Financial Group Inc.)
Key Players & Entities
- KB Financial Group Inc. (company) — Registrant
- Korean National Pension Service (company) — Largest Shareholder
- 33,473,917 shares (dollar_amount) — Previous shareholding
- 8.30% (dollar_amount) — Previous ownership percentage
- December 31, 2023 (date) — Date of previous shareholding
- 33,704,092 shares (dollar_amount) — Current shareholding
- 8.35% (dollar_amount) — Current ownership percentage
- March 15, 2024 (date) — Date of announcement
FAQ
Who is the largest shareholder of KB Financial Group Inc.?
The largest shareholder of KB Financial Group Inc. is the Korean National Pension Service.
What was the previous ownership percentage of the Korean National Pension Service in KB Financial Group Inc.?
As of December 31, 2023, the Korean National Pension Service owned 8.30% of KB Financial Group Inc.
What is the current number of shares held by the Korean National Pension Service?
The Korean National Pension Service currently holds 33,704,092 shares of common stock in KB Financial Group Inc.
On what date was this change in shareholding reported?
This change in shareholding was reported on March 15, 2024.
What is the total number of shares outstanding mentioned in the filing?
The filing mentions a total of 403,511 shares outstanding.
Filing Stats: 236 words · 1 min read · ~1 pages · Grade level 11 · Accepted 2024-03-15 06:09:56
Filing Documents
- d792016d6k.htm (6-K) — 8KB
- 0001193125-24-068528.txt ( ) — 10KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. KB Financial Group Inc. (Registrant) Date: March 15, 2024 By: /s/ Jae Kwan Kim (Signature) Name: Jae Kwan Kim Title: Senior Executive Vice President and Chief Finance Officer