Cullen Capital Management LLC Sells 35,969 Shares of KB Financial Group Inc. (NYSE:KB)

Cullen Capital Management LLC decreased its position in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 22.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 127,586 shares of the bank's stock after selling 35,969 shares during the quarter. Cullen Capital Management LLC's holdings in KB Financial Group were worth $7,260,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in KB Financial Group in the third quarter valued at about $35,000. Hudson Edge Investment Partners Inc. grew its position in shares of 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 buying an additional 168 shares during the period. Glenmede Trust Co. NA bought a new stake in shares of KB Financial Group during the third quarter worth approximately $236,000. Commonwealth Equity Services LLC acquired a new position in KB Financial Group in the fourth quarter valued at approximately $222,000. Finally, Optas LLC bought a new position in KB Financial Group in the fourth quarter valued at approximately $261,000. 11.52% of the stock is currently owned by institutional investors.

KB Financial Group Trading Down 2.0 %

KB traded down $1.05 during mid-day trading on Thursday, hitting $50.62. The stock had a trading volume of 84,354 shares, compared to its average volume of 173,859. The stock's fifty day simple moving average is $55.29 and its 200-day simple moving average is $60.63. The firm has a market capitalization of $19.92 billion, a price-to-earnings ratio of 5.90, a price-to-earnings-growth ratio of 0.52 and a beta of 0.92. KB Financial Group Inc. has a 1-year low of $45.59 and a 1-year high of $72.89. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on KB shares. StockNews.com raised KB Financial Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 2nd. Morgan Stanley upgraded KB Financial Group from an "equal weight" rating to an "overweight" rating in a report on Thursday, December 12th.

About KB Financial Group

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.