Arrowstreet Capital Limited Partnership decreased its position in KB Financial Group Inc. (NYSE:KB - Free Report) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 977,400 shares of the bank's stock after selling 53,716 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.25% of KB Financial Group worth $55,614,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of KB Financial Group during the third quarter worth about $35,000. Hudson Edge Investment Partners Inc. increased its holdings in KB Financial Group by 5.1% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock worth $198,000 after purchasing an additional 168 shares during the last quarter. Commonwealth Equity Services LLC purchased a new stake in KB Financial Group during the 4th quarter worth approximately $222,000. Glenmede Trust Co. NA acquired a new position in shares of KB Financial Group in the 3rd quarter valued at approximately $236,000. Finally, Optas LLC purchased a new position in shares of KB Financial Group during the 4th quarter valued at approximately $261,000. Hedge funds and other institutional investors own 11.52% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the stock. Morgan Stanley upgraded shares of KB Financial Group from an "equal weight" rating to an "overweight" rating in a research note on Thursday, December 12th. StockNews.com raised shares of KB Financial Group from a "hold" rating to a "buy" rating in a research report on Wednesday.
Read Our Latest Report on KB Financial Group
KB Financial Group Stock Down 1.4 %
NYSE KB traded down $0.74 on Friday, hitting $51.57. 310,604 shares of the stock traded hands, compared to its average volume of 188,780. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. The stock has a 50-day moving average of $56.56 and a 200 day moving average of $61.07. KB Financial Group Inc. has a twelve month low of $45.59 and a twelve month high of $72.89. The company has a market capitalization of $20.29 billion, a P/E ratio of 6.01, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99.
KB Financial Group (NYSE:KB - Get Free Report) last issued 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 during the quarter. As a group, analysts expect that KB Financial Group Inc. will post 8.87 earnings per share for the current fiscal year.
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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