Altrinsic Global Advisors LLC Sells 21,635 Shares of KB Financial Group Inc. (NYSE:KB)

Altrinsic Global Advisors LLC lowered its position in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 27.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,904 shares of the bank's stock after selling 21,635 shares during the period. Altrinsic Global Advisors LLC's holdings in KB Financial Group were worth $3,238,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of KB. Wilmington Savings Fund Society FSB purchased a new position in shares of KB Financial Group during the 3rd quarter valued at $35,000. Tower Research Capital LLC TRC boosted its stake in KB Financial Group by 659.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock valued at $137,000 after buying an additional 2,097 shares during the period. Hudson Edge Investment Partners Inc. grew its position in KB Financial Group by 5.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock worth $198,000 after buying an additional 168 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in KB Financial Group in the 4th quarter worth about $222,000. Finally, Optas LLC purchased a new stake in shares of KB Financial Group in the 4th quarter valued at about $261,000. Institutional investors own 11.52% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com raised KB Financial Group from a "hold" rating to a "buy" rating in a report on Friday, April 18th.

KB Financial Group Stock Performance

KB Financial Group stock opened at $58.47 on Wednesday. KB Financial Group Inc. has a fifty-two week low of $46.38 and a fifty-two week high of $72.89. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market cap of $23.01 billion, a P/E ratio of 6.81, a price-to-earnings-growth ratio of 0.52 and a beta of 0.92. The firm's fifty day moving average price is $54.59 and its 200-day moving average price is $60.23.

KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The bank reported $1.21 earnings per share for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The business had revenue of $2.94 billion for the quarter. On average, equities research analysts expect that KB Financial Group Inc. will post 8.87 earnings per share for the current fiscal year.

KB Financial Group Profile

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.

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