V Square Quantitative Management LLC Sells 4,901 Shares of KB Financial Group Inc. (NYSE:KB)

V Square Quantitative Management LLC decreased its position in KB Financial Group Inc. (NYSE:KB) by 18.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 21,940 shares of the bank’s stock after selling 4,901 shares during the quarter. V Square Quantitative Management LLC’s holdings in KB Financial Group were worth $1,253,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in KB. Connor Clark & Lunn Investment Management Ltd. grew its stake in KB Financial Group by 23.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 779,499 shares of the bank’s stock worth $48,134,000 after buying an additional 145,861 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of KB Financial Group by 15.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank’s stock worth $26,332,000 after acquiring an additional 56,400 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in KB Financial Group during the 3rd quarter worth approximately $7,291,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in KB Financial Group by 46.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 93,850 shares of the bank’s stock valued at $5,795,000 after purchasing an additional 29,850 shares in the last quarter. Finally, Creative Planning raised its position in KB Financial Group by 9.5% in the 3rd quarter. Creative Planning now owns 86,130 shares of the bank’s stock valued at $5,319,000 after purchasing an additional 7,494 shares during the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

KB Financial Group Stock Down 1.3 %

NYSE:KB opened at $56.20 on Friday. The company has a market cap of $22.12 billion, a price-to-earnings ratio of 6.55, a P/E/G ratio of 0.46 and a beta of 0.99. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The stock’s fifty day moving average price is $59.78 and its two-hundred day moving average price is $63.05. KB Financial Group Inc. has a 52-week low of $45.59 and a 52-week high of $72.89.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th. StockNews.com raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday.

About KB Financial Group

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.