Wellington Management Group LLP decreased its position in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,458 shares of the bank's stock after selling 13,573 shares during the quarter. Wellington Management Group LLP's holdings in KB Financial Group were worth $6,626,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in KB Financial Group during the third quarter worth $35,000. Hudson Edge Investment Partners Inc. lifted its position in shares of KB Financial Group by 5.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock worth $198,000 after acquiring an additional 168 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of KB Financial Group during the 4th quarter valued at $222,000. Optas LLC purchased a new position in KB Financial Group during the 4th quarter valued at about $261,000. Finally, Banque Pictet & Cie SA purchased a new position in KB Financial Group during the fourth quarter valued at approximately $283,000. Institutional investors and hedge funds own 11.52% of the company's stock.
KB Financial Group Trading Up 1.8 %
KB stock traded up $0.99 during midday trading on Wednesday, hitting $55.70. The company had a trading volume of 65,331 shares, compared to its average volume of 189,362. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. KB Financial Group Inc. has a 52 week low of $45.59 and a 52 week high of $72.89. The stock has a market cap of $21.92 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 0.52 and a beta of 0.92. The stock's 50 day moving average price is $54.68 and its 200 day moving average price is $60.39.
KB Financial Group (NYSE:KB - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The bank reported $1.21 EPS for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The company had revenue of $2.94 billion during the quarter. As a group, equities research analysts expect that KB Financial Group Inc. will post 8.87 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of KB Financial Group from a "buy" rating to a "hold" rating in a research report on Thursday, April 10th.
Read Our Latest Research Report on KB Financial Group
About KB Financial Group
(
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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