Vanguard Group Inc. Cuts Stake in KB Financial Group Inc. (NYSE:KB)

Vanguard Group Inc. trimmed its stake in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 368,458 shares of the bank's stock after selling 40,613 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of KB Financial Group worth $20,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. 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 worth $1,320,000 after purchasing an additional 308 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in KB Financial Group by 18.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 8,152 shares of the bank's stock worth $503,000 after acquiring an additional 1,280 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in KB Financial Group by 11.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,243 shares of the bank's stock valued at $633,000 after purchasing an additional 1,085 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of KB Financial Group during the third quarter valued at approximately $35,000. Finally, Aprio Wealth Management LLC increased its position in KB Financial Group by 14.6% during the 4th quarter. Aprio Wealth Management LLC now owns 9,171 shares of the bank's stock valued at $522,000 after purchasing an additional 1,171 shares during the period. 11.52% of the stock is owned by hedge funds and other institutional investors.

KB Financial Group Stock Up 1.1 %

Shares of KB stock traded up $0.62 during mid-day trading on Friday, reaching $56.32. 165,991 shares of the company's stock traded hands, compared to its average volume of 190,304. The company's 50-day moving average price is $54.56 and its 200-day moving average price is $60.32. The company has a market cap of $22.16 billion, a P/E ratio of 6.56, a P/E/G ratio of 0.52 and a beta of 0.92. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. KB Financial Group Inc. has a 12 month low of $45.72 and a 12 month high of $72.89.

KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The bank reported $1.21 EPS for the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The business had revenue of $2.94 billion for the quarter. On average, equities analysts expect that KB Financial Group Inc. will post 8.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded KB Financial Group from a "hold" rating to a "buy" rating in a research note on Friday.

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.