Arrowstreet Capital Limited Partnership Has $55.61 Million Stock Holdings in KB Financial Group Inc. (NYSE:KB)

Arrowstreet Capital Limited Partnership lowered its stake in KB Financial Group Inc. (NYSE:KB) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 977,400 shares of the bank’s stock after selling 53,716 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.25% of KB Financial Group worth $55,614,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in KB Financial Group in the fourth quarter valued at about $7,301,000. Public Employees Retirement System of Ohio acquired a new stake in shares of KB Financial Group in the 3rd quarter valued at approximately $7,291,000. Teachers Retirement System of The State of Kentucky boosted its stake in KB Financial Group by 15.2% during 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in KB Financial Group by 4.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank’s stock worth $46,424,000 after acquiring an additional 36,394 shares during the last quarter. Finally, Yousif Capital Management LLC grew its holdings in KB Financial Group by 576.3% during the fourth quarter. Yousif Capital Management LLC now owns 41,191 shares of the bank’s stock valued at $2,344,000 after purchasing an additional 35,100 shares during the period. 11.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KB shares. StockNews.com cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Morgan Stanley raised KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th.

KB Financial Group Price Performance

NYSE KB opened at $54.66 on Wednesday. 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 has a market cap of $21.51 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 0.52 and a beta of 0.99. The business has a 50 day simple moving average of $57.09 and a 200 day simple moving average of $61.25. KB Financial Group Inc. has a 52-week low of $45.59 and a 52-week high of $72.89.

KB Financial Group (NYSE:KB) last issued its quarterly earnings data on Wednesday, March 5th. The bank reported $1.21 earnings per share (EPS) for the quarter. The company had revenue of $2.94 billion during the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. Analysts anticipate that KB Financial Group Inc. will post 8.87 earnings per share for the current fiscal year.

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.