Amundi lessened its stake in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 22.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,611 shares of the bank's stock after selling 12,676 shares during the period. Amundi's holdings in KB Financial Group were worth $2,598,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new position in shares of KB Financial Group in the third quarter worth $35,000. Hudson Edge Investment Partners Inc. increased its holdings in KB Financial Group by 5.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock valued at $198,000 after buying an additional 168 shares during the period. Drive Wealth Management LLC acquired a new position in shares of KB Financial Group in the 3rd quarter valued at approximately $219,000. Glenmede Trust Co. NA bought a new stake in shares of KB Financial Group during the 3rd quarter worth approximately $236,000. Finally, Optas LLC acquired a new stake in shares of KB Financial Group during the 4th quarter worth approximately $261,000. Institutional investors own 11.52% of the company's stock.
KB Financial Group Price Performance
KB stock traded up $0.28 during trading on Thursday, reaching $55.84. 191,798 shares of the company were exchanged, compared to its average volume of 185,215. The company has a market capitalization of $21.97 billion, a price-to-earnings ratio of 6.51, a P/E/G ratio of 0.52 and a beta of 0.99. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. The company has a 50-day moving average of $58.13 and a two-hundred day moving average of $61.68. KB Financial Group Inc. has a twelve month low of $45.59 and a twelve month high of $72.89.
KB Financial Group (NYSE:KB - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The bank reported $1.21 EPS for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The company had revenue of $2.94 billion during the quarter. As a group, equities analysts predict that KB Financial Group Inc. will post 8.87 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on KB shares. Morgan Stanley upgraded KB Financial Group from an "equal weight" rating to an "overweight" rating in a research note on Thursday, December 12th. StockNews.com raised KB Financial Group from a "hold" rating to a "buy" rating in a research note on Thursday, March 13th.
Check Out Our Latest Stock Report on KB Financial Group
KB Financial Group Profile
(
Free Report)
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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