Dimensional Fund Advisors LP Sells 85,351 Shares of KB Financial Group Inc. (NYSE:KB)

Dimensional Fund Advisors LP lowered its stake in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 3.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,525,132 shares of the bank's stock after selling 85,351 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.63% of KB Financial Group worth $142,937,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Boston Partners increased its holdings in shares of KB Financial Group by 195.1% during the first quarter. Boston Partners now owns 100,447 shares of the bank's stock valued at $5,233,000 after purchasing an additional 66,413 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of KB Financial Group by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 370,030 shares of the bank's stock worth $19,267,000 after acquiring an additional 64,000 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of KB Financial Group by 32.0% in the 1st quarter. Acadian Asset Management LLC now owns 257,611 shares of the bank's stock valued at $13,409,000 after buying an additional 62,455 shares in the last quarter. SageView Advisory Group LLC acquired a new stake in shares of KB Financial Group in the 1st quarter valued at $1,914,000. Finally, NINE MASTS CAPITAL Ltd acquired a new stake in shares of KB Financial Group in the second quarter worth about $2,038,000. 11.52% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Stock Performance

KB stock traded down $0.06 during trading on Friday, reaching $62.78. 149,550 shares of the stock were exchanged, compared to its average volume of 204,140. KB Financial Group Inc. has a twelve month low of $36.57 and a twelve month high of $67.40. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.33. The company has a market capitalization of $25.33 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 0.41 and a beta of 0.99. The stock has a 50 day simple moving average of $62.43 and a 200-day simple moving average of $57.72.

KB Financial Group (NYSE:KB - Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.36. The company had revenue of $3.18 billion for the quarter. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. As a group, sell-side analysts anticipate that KB Financial Group Inc. will post 9.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of KB Financial Group from a "hold" rating to a "buy" rating in a research report on Tuesday, August 27th.

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.