Cerity Partners LLC Sells 5,663 Shares of KB Financial Group Inc. (NYSE:KB)

Cerity Partners LLC lowered its position in KB Financial Group Inc. (NYSE:KB - Free Report) by 16.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,471 shares of the bank's stock after selling 5,663 shares during the quarter. Cerity Partners LLC's holdings in KB Financial Group were worth $1,648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in KB Financial Group during the 4th quarter valued at about $856,000. Blue Trust Inc. increased its stake in shares of KB Financial Group by 30.5% during the fourth quarter. Blue Trust Inc. now owns 36,868 shares of the bank's stock valued at $2,277,000 after acquiring an additional 8,625 shares during the period. Stifel Financial Corp raised its holdings in KB Financial Group by 1.5% during the third quarter. Stifel Financial Corp now owns 21,371 shares of the bank's stock worth $1,320,000 after purchasing an additional 308 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in KB Financial Group in the fourth quarter worth approximately $7,301,000. Finally, Optas LLC bought a new position in KB Financial Group during the 4th quarter valued at $261,000. Institutional investors own 11.52% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded KB Financial Group from a "hold" rating to a "buy" rating in a report on Friday.

KB Financial Group Price Performance

Shares of NYSE KB traded up $0.65 during midday trading on Tuesday, reaching $58.47. The company's stock had a trading volume of 233,691 shares, compared to its average volume of 190,593. KB Financial Group Inc. has a one year low of $46.38 and a one year high of $72.89. The company has a market cap of $23.01 billion, a price-to-earnings ratio of 6.81, a price-to-earnings-growth ratio of 0.52 and a beta of 0.92. The company has a 50 day moving average price of $54.59 and a 200 day moving average price of $60.23. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29.

KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings data 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. On average, equities research analysts expect that KB Financial Group Inc. will post 8.87 EPS for the current year.

KB Financial Group Company 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.