Paradigm Asset Management Co. LLC Cuts Stake in KB Financial Group Inc. (NYSE:KB)

Paradigm Asset Management Co. LLC trimmed its holdings in KB Financial Group Inc. (NYSE:KB - Free Report) by 95.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 600 shares of the bank's stock after selling 13,300 shares during the quarter. Paradigm Asset Management Co. LLC's holdings in KB Financial Group were worth $34,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KB. Centiva Capital LP boosted its stake in KB Financial Group by 6.0% during the third quarter. Centiva Capital LP now owns 5,034 shares of the bank's stock valued at $311,000 after buying an additional 283 shares during the last quarter. Adero Partners LLC raised its holdings in shares of KB Financial Group by 6.1% during the 3rd quarter. Adero Partners LLC now owns 5,097 shares of the bank's stock worth $315,000 after acquiring an additional 295 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of KB Financial Group by 1.4% during the 3rd quarter. Ballentine Partners LLC now owns 22,627 shares of the bank's stock valued at $1,397,000 after acquiring an additional 305 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of KB Financial Group by 1.5% in the third quarter. Stifel Financial Corp now owns 21,371 shares of the bank's stock valued at $1,320,000 after purchasing an additional 308 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of KB Financial Group by 3.5% in the fourth quarter. Sanctuary Advisors LLC now owns 10,605 shares of the bank's stock valued at $661,000 after purchasing an additional 362 shares in the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

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KB Financial Group Trading Up 0.9 %

Shares of NYSE KB traded up $0.49 during midday trading on Wednesday, hitting $57.34. The company's stock had a trading volume of 127,523 shares, compared to its average volume of 157,393. KB Financial Group Inc. has a 12-month low of $45.59 and a 12-month high of $72.89. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. The firm has a market cap of $22.56 billion, a P/E ratio of 6.68, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. The business's 50 day moving average is $59.30 and its two-hundred day moving average is $62.77.

Analysts Set New Price Targets

KB has been the subject of several research reports. StockNews.com upgraded shares of KB Financial Group from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Morgan Stanley raised shares of KB Financial Group from an "equal weight" rating to an "overweight" rating in a report on Thursday, December 12th.

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.