KB Financial Group Inc. (NYSE:KB) Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lowered its stake in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 81.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,530 shares of the bank's stock after selling 15,614 shares during the period. Frank Rimerman Advisors LLC's holdings in KB Financial Group were worth $201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KB. Wilmington Savings Fund Society FSB acquired a new position in KB Financial Group in the 3rd quarter valued at $35,000. Hudson Edge Investment Partners Inc. grew its position in shares of KB Financial Group by 5.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock valued at $198,000 after purchasing an additional 168 shares during the period. Drive Wealth Management LLC acquired a new position in KB Financial Group in the third quarter valued at $219,000. Commonwealth Equity Services LLC purchased a new position in KB Financial Group during the fourth quarter worth about $222,000. Finally, Glenmede Trust Co. NA acquired a new stake in KB Financial Group in the 3rd quarter worth about $236,000. Hedge funds and other institutional investors own 11.52% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on KB. Morgan Stanley raised shares of KB Financial Group from an "equal weight" rating to an "overweight" rating in a research note on Thursday, December 12th. StockNews.com lowered KB Financial Group from a "buy" rating to a "hold" rating in a research report on Friday.

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KB Financial Group Stock Down 0.5 %

Shares of NYSE:KB traded down $0.26 during trading on Friday, hitting $55.59. The company's stock had a trading volume of 95,050 shares, compared to its average volume of 185,164. The company has a market capitalization of $21.88 billion, a PE ratio of 6.48, a PEG ratio of 0.52 and a beta of 0.99. KB Financial Group Inc. has a fifty-two week low of $45.59 and a fifty-two week high of $72.89. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The stock's 50-day moving average price is $58.09 and its two-hundred day moving average price is $61.64.

KB Financial Group (NYSE:KB - Get Free Report) last released its earnings results on Wednesday, March 5th. The bank reported $1.21 EPS for the quarter. The company 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, sell-side analysts expect that KB Financial Group Inc. will post 8.87 EPS for the current year.

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.