Franklin Resources Inc. lessened its position in KB Financial Group Inc. (NYSE:KB - Free Report) by 43.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 142,146 shares of the bank's stock after selling 107,331 shares during the period. Franklin Resources Inc.'s holdings in KB Financial Group were worth $8,088,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new stake in KB Financial Group in the 3rd quarter valued at approximately $35,000. Hudson Edge Investment Partners Inc. grew its position in shares of KB Financial Group by 5.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock valued at $198,000 after acquiring an additional 168 shares during the period. Commonwealth Equity Services LLC acquired a new position in shares of KB Financial Group during the 4th quarter worth about $222,000. Optas LLC bought a new stake in shares of KB Financial Group in the 4th quarter valued at about $261,000. Finally, Banque Pictet & Cie SA acquired a new stake in KB Financial Group in the 4th quarter valued at about $283,000. 11.52% of the stock is currently owned by institutional investors.
KB Financial Group Stock Performance
Shares of NYSE KB traded up $1.40 during trading hours on Tuesday, reaching $54.83. 48,746 shares of the stock were exchanged, compared to its average volume of 188,978. The stock's fifty day simple moving average is $54.77 and its 200 day simple moving average is $60.43. The firm has a market capitalization of $21.58 billion, a price-to-earnings ratio of 6.40, a P/E/G ratio of 0.52 and a beta of 0.92. KB Financial Group Inc. has a 52 week low of $45.59 and a 52 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.
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 (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%. Sell-side analysts predict that KB Financial Group Inc. will post 8.87 EPS for the current year.
Wall Street Analyst Weigh In
Separately, StockNews.com cut KB Financial Group from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th.
Check Out Our Latest Analysis on KB
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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