Calamos Wealth Management LLC Sells 5,375 Shares of KB Financial Group Inc. (NYSE:KB)

Calamos Wealth Management LLC lessened its holdings in KB Financial Group Inc. (NYSE:KB - Free Report) by 15.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,699 shares of the bank's stock after selling 5,375 shares during the period. Calamos Wealth Management LLC's holdings in KB Financial Group were worth $1,633,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. CWM LLC raised its stake in shares of KB Financial Group by 5.7% in the third quarter. CWM LLC now owns 2,851 shares of the bank's stock worth $176,000 after buying an additional 155 shares during the period. Bleakley Financial Group LLC increased its holdings in KB Financial Group by 1.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 13,248 shares of the bank's stock worth $818,000 after acquiring an additional 208 shares in the last quarter. Centiva Capital LP raised its stake in KB Financial Group by 6.0% during the 3rd quarter. Centiva Capital LP now owns 5,034 shares of the bank's stock worth $311,000 after acquiring an additional 283 shares during the period. Adero Partners LLC lifted its holdings in KB Financial Group by 6.1% during the third quarter. Adero Partners LLC now owns 5,097 shares of the bank's stock valued at $315,000 after purchasing an additional 295 shares in the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of KB Financial Group by 1.4% in the third quarter. Ballentine Partners LLC now owns 22,627 shares of the bank's stock worth $1,397,000 after purchasing an additional 305 shares during the period. Hedge funds and other institutional investors own 11.52% of the company's stock.

KB Financial Group Price Performance

KB traded down $0.27 during trading on Friday, reaching $58.75. 120,793 shares of the company traded hands, compared to its average volume of 146,824. The company has a market cap of $23.12 billion, a P/E ratio of 6.85, a PEG ratio of 0.47 and a beta of 0.99. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. KB Financial Group Inc. has a 12-month low of $45.59 and a 12-month high of $72.89. The firm has a fifty day simple moving average of $60.58 and a 200 day simple moving average of $63.14.

Analyst Upgrades and Downgrades

KB has been the topic of several recent analyst reports. Morgan Stanley upgraded shares of KB Financial Group from an "equal weight" rating to an "overweight" rating in a research report on Thursday, December 12th. StockNews.com cut KB Financial Group from a "buy" rating to a "hold" rating in a report on Monday.

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.