Is KB Financial Group, Inc. (ADR) (KB) A Good Stock to Buy?

Consequently, some big names were leading the bulls’ herd. Sensato Capital Management, led by Ernest Chow and Jonathan Howe, created the most outsized position in KB Financial Group, Inc. (ADR) (NYSE:KB). Sensato Capital Management had $0.9 million invested in the company at the end of the quarter. Matthew Hulsizer’s PEAK6 Capital Management also initiated a $0.4 million position during the quarter. The only other fund with a new position in the stock was Louis Navellier’s Navellier & Associates.

Let’s now take a look at hedge fund activity in other stocks similar to KB Financial Group, Inc. (ADR) (NYSE:KB). These stocks are Citizens Financial Group Inc (NYSE:CFG), Invesco Ltd. (NYSE:IVZ), Waters Corporation (NYSE:WAT), and Cimarex Energy Co (NYSE:XEC). This group of stocks’ market valuations are similar to KB’s market valuation.

As you can see these stocks had an average of 36 hedge funds with bullish positions and the average amount invested in these stocks was $944 million. That figure was just $34 million in KB’s case. Citizens Financial Group Inc (NYSE:CFG) is the most popular stock in this table. On the other hand Invesco Ltd. (NYSE:IVZ) is the least popular one with only 27 bullish hedge fund positions. Compared to these stocks KB Financial Group, Inc. (ADR) (NYSE:KB) is even less popular than IVZ. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock.

Disclosure: None