Ariel Investments LLC reduced its holdings in KB Financial Group Inc. (NYSE:KB - Free Report) by 5.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 302,049 shares of the bank's stock after selling 16,866 shares during the quarter. Ariel Investments LLC owned approximately 0.07% of KB Financial Group worth $17,099,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hilltop National Bank bought a new stake in KB Financial Group during the 2nd quarter worth approximately $34,000. GAMMA Investing LLC grew its holdings in KB Financial Group by 98.0% during the first quarter. GAMMA Investing LLC now owns 689 shares of the bank's stock worth $36,000 after buying an additional 341 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in KB Financial Group by 66.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank's stock valued at $44,000 after buying an additional 310 shares during the last quarter. Tucker Asset Management LLC purchased a new stake in KB Financial Group in the 4th quarter valued at $68,000. Finally, Barometer Capital Management Inc. bought a new position in KB Financial Group during the 4th quarter valued at $120,000. 11.52% of the stock is currently owned by institutional investors and hedge funds.
KB Financial Group Stock Performance
Shares of NYSE:KB traded up $4.42 during mid-day trading on Thursday, reaching $63.10. The company had a trading volume of 262,067 shares, compared to its average volume of 204,829. KB Financial Group Inc. has a one year low of $36.57 and a one year 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's 50-day moving average price is $62.46 and its 200-day moving average price is $57.86. The firm has a market cap of $25.46 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 0.44 and a beta of 0.99.
KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings results 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. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. The company had revenue of $3.18 billion during the quarter. As a group, equities research analysts anticipate that KB Financial Group Inc. will post 9.4 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, StockNews.com upgraded KB Financial Group from a "hold" rating to a "buy" rating in a research note on Tuesday, August 27th.
View Our Latest Stock 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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