Todd Asset Management LLC Lowers Holdings in KB Financial Group Inc. (NYSE:KB)

Todd Asset Management LLC reduced its position in shares of KB Financial Group Inc. (NYSE:KB) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 702,750 shares of the bank’s stock after selling 2,785 shares during the period. Todd Asset Management LLC owned about 0.18% of KB Financial Group worth $39,986,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of KB. Wilmington Savings Fund Society FSB purchased a new position in shares of KB Financial Group during the third quarter worth $35,000. Venturi Wealth Management LLC boosted its position in shares of KB Financial Group by 2,427.9% during the third quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock worth $67,000 after buying an additional 1,044 shares during the period. Hudson Edge Investment Partners Inc. raised its stake in shares of KB Financial Group by 5.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock valued at $198,000 after acquiring an additional 168 shares in the last quarter. Drive Wealth Management LLC acquired a new stake in shares of KB Financial Group in the third quarter valued at $219,000. Finally, Glenmede Trust Co. NA acquired a new stake in shares of KB Financial Group in the third quarter valued at $236,000. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

KB Financial Group Stock Down 0.4 %

KB Financial Group stock opened at $57.04 on Tuesday. KB Financial Group Inc. has a 1-year low of $45.59 and a 1-year high of $72.89. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market cap of $22.45 billion, a PE ratio of 6.65, a P/E/G ratio of 0.52 and a beta of 0.99. The stock’s fifty day moving average is $59.37 and its two-hundred day moving average is $62.82.

Analyst Ratings Changes

Several brokerages have recently issued reports on KB. StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note 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.