Rhumbline Advisers Sells 5,562 Shares of KB Financial Group Inc $KB

Rhumbline Advisers cut its position in KB Financial Group Inc (NYSE:KB) by 14.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 32,249 shares of the bank’s stock after selling 5,562 shares during the period. Rhumbline Advisers’ holdings in KB Financial Group were worth $2,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of KB. Cullen Capital Management LLC increased its position in KB Financial Group by 19.6% during the second quarter. Cullen Capital Management LLC now owns 111,477 shares of the bank’s stock worth $9,207,000 after acquiring an additional 18,255 shares during the period. Schroder Investment Management Group grew its position in shares of KB Financial Group by 24.3% during the 2nd quarter. Schroder Investment Management Group now owns 64,244 shares of the bank’s stock worth $5,306,000 after purchasing an additional 12,561 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of KB Financial Group by 30.5% during the third quarter. Advisors Asset Management Inc. now owns 19,305 shares of the bank’s stock worth $1,601,000 after purchasing an additional 4,509 shares during the period. Lazard Asset Management LLC raised its position in shares of KB Financial Group by 1.7% in the second quarter. Lazard Asset Management LLC now owns 1,554,154 shares of the bank’s stock valued at $128,357,000 after buying an additional 26,423 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of KB Financial Group in the third quarter valued at approximately $666,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a report on Monday, December 29th. Zacks Research raised KB Financial Group from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

KB Financial Group Stock Down 2.4%

NYSE KB opened at $115.36 on Friday. The business has a fifty day moving average price of $96.75 and a two-hundred day moving average price of $87.69. The stock has a market capitalization of $43.01 billion, a PE ratio of 10.88, a PEG ratio of 0.73 and a beta of 1.11. KB Financial Group Inc has a fifty-two week low of $46.38 and a fifty-two week high of $119.71. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.65 and a quick ratio of 1.65.

KB Financial Group (NYSE:KB) last posted its quarterly earnings results on Saturday, January 31st. The bank reported $1.43 EPS for the quarter. KB Financial Group had a return on equity of 9.79% and a net margin of 16.96%. Equities analysts expect that KB Financial Group Inc will post 8.87 earnings per share for the current fiscal year.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.