KB Financial Group Inc. (NYSE:KB) Shares Sold by Trinity Street Asset Management LLP

Trinity Street Asset Management LLP decreased its position in KB Financial Group Inc. (NYSE:KB - Free Report) by 84.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 253,663 shares of the bank's stock after selling 1,411,148 shares during the period. KB Financial Group comprises 1.6% of Trinity Street Asset Management LLP's portfolio, making the stock its 14th largest holding. Trinity Street Asset Management LLP owned 0.06% of KB Financial Group worth $15,664,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC raised its position in KB Financial Group by 5.7% in the third quarter. CWM LLC now owns 2,851 shares of the bank's stock worth $176,000 after acquiring an additional 155 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of KB Financial Group by 3.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,496 shares of the bank's stock valued at $368,000 after purchasing an additional 192 shares in the last quarter. Adero Partners LLC lifted its stake in shares of KB Financial Group by 4.2% in the second quarter. Adero Partners LLC now owns 4,802 shares of the bank's stock valued at $272,000 after purchasing an additional 193 shares during the period. Bleakley Financial Group LLC boosted its holdings in KB Financial Group by 1.6% during the third quarter. Bleakley Financial Group LLC now owns 13,248 shares of the bank's stock worth $818,000 after buying an additional 208 shares in the last quarter. Finally, Thornburg Investment Management Inc. grew its position in KB Financial Group by 1.7% during the second quarter. Thornburg Investment Management Inc. now owns 14,239 shares of the bank's stock worth $848,000 after buying an additional 242 shares during the period. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of KB Financial Group from a "buy" rating to a "hold" rating in a research report on Saturday, October 12th.

KB Financial Group Price Performance

KB traded up $0.02 during trading on Tuesday, reaching $68.82. 163,316 shares of the stock were exchanged, compared to its average volume of 201,954. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market capitalization of $27.77 billion, a price-to-earnings ratio of 8.57, a P/E/G ratio of 0.47 and a beta of 0.98. KB Financial Group Inc. has a 1 year low of $36.57 and a 1 year high of $72.89. The business's 50 day moving average price is $64.40 and its two-hundred day moving average price is $59.95.

KB Financial Group (NYSE:KB - Get Free Report) last posted its earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.36. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. The firm 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 earnings per share for the current year.

KB Financial Group Company 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.