Rhumbline Advisers Trims Stock Position in KB Financial Group Inc. (NYSE:KB)

Rhumbline Advisers trimmed its stake in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,273 shares of the bank's stock after selling 8,370 shares during the period. Rhumbline Advisers' holdings in KB Financial Group were worth $2,861,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KB. Wilmington Savings Fund Society FSB acquired a new stake in KB Financial Group in the 3rd quarter valued at about $35,000. Venturi Wealth Management LLC lifted its holdings in shares of KB Financial Group by 2,427.9% in the third quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank's stock valued at $67,000 after purchasing an additional 1,044 shares in the last quarter. Drive Wealth Management LLC purchased a new stake in shares of KB Financial Group in the third quarter valued at about $219,000. Glenmede Trust Co. NA acquired a new stake in shares of KB Financial Group in the third quarter valued at approximately $236,000. Finally, Optas LLC purchased a new position in shares of KB Financial Group during the 4th quarter worth approximately $261,000. Hedge funds and other institutional investors own 11.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Morgan Stanley raised KB Financial Group from an "equal weight" rating to an "overweight" rating in a research note on Thursday, December 12th. StockNews.com downgraded KB Financial Group from a "buy" rating to a "hold" rating in a research report on Wednesday.

Remove Ads

KB Financial Group Trading Down 0.1 %

Shares of KB Financial Group stock traded down $0.07 during mid-day trading on Thursday, hitting $54.33. 206,333 shares of the stock were exchanged, compared to its average volume of 162,533. The stock has a market capitalization of $21.38 billion, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. KB Financial Group Inc. has a twelve month low of $45.59 and a twelve 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 company has a 50-day simple moving average of $58.70 and a 200 day simple moving average of $62.40.

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.