Korean National Pension Service Boosts KB Financial Stake
Ticker: KB · Form: 6-K · Filed: Jul 11, 2024 · CIK: 1445930
| Field | Detail |
|---|---|
| Company | Kb Financial Group Inc. (KB) |
| Form Type | 6-K |
| Filed Date | Jul 11, 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
Big pension fund just bought more KB Financial stock, now owns 8.26%.
AI Summary
On July 11, 2024, KB Financial Group Inc. announced that its largest shareholder, the Korean National Pension Service, increased its stake. The National Pension Service now holds 33,326,122 shares of common stock, representing 8.26% of the total shares, up from 33,200,471 shares (8.23%) as of March 31, 2024.
Why It Matters
An increase in ownership by a major institutional investor like the National Pension Service 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
- 8.26% — Current Ownership (Korean National Pension Service's increased stake in KB Financial Group Inc. as of July 11, 2024.)
- 33,326,122 shares — Current Holdings (The number of shares owned by the Korean National Pension Service after the increase.)
Key Players & Entities
- KB Financial Group Inc. (company) — Registrant
- Korean National Pension Service (company) — Largest Shareholder
- 33,200,471 shares (dollar_amount) — Previous shareholding
- 8.23% (dollar_amount) — Previous ownership percentage
- March 31, 2024 (date) — Date of previous shareholding
- 33,326,122 shares (dollar_amount) — Current shareholding
- 8.26% (dollar_amount) — Current ownership percentage
- July 11, 2024 (date) — Date of announcement
- 403,511,072 (dollar_amount) — Total shares outstanding
FAQ
What is the total number of shares outstanding for KB Financial Group Inc. as reported in this filing?
The filing states there are 403,511,072 total shares outstanding.
What was the previous percentage of ownership by the Korean National Pension Service?
The Korean National Pension Service previously owned 8.23% of the total shares as of March 31, 2024.
What is the exact date of the reported change in share ownership?
The change in share ownership was reported on July 11, 2024.
Did the Korean National Pension Service file a Form 20-F or 40-F?
KB Financial Group Inc. indicated it files annual reports under cover of Form 20-F.
What is the principal executive office address of KB Financial Group Inc.?
The principal executive office is located at 26, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Seoul 07331, Korea.
Filing Stats: 236 words · 1 min read · ~1 pages · Grade level 10.9 · Accepted 2024-07-11 06:05:25
Filing Documents
- d823251d6k.htm (6-K) — 9KB
- 0001193125-24-177487.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: July 11, 2024 By: /s/ Jae Kwan Kim (Signature) Name: Jae Kwan Kim Title: Senior Executive Vice President and Chief Finance Officer