Groupama Asset Managment Sells 9,918 Shares of KB Financial Group Inc $KB

Groupama Asset Managment decreased its position in shares of KB Financial Group Inc (NYSE:KB) by 50.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,906 shares of the bank’s stock after selling 9,918 shares during the period. Groupama Asset Managment’s holdings in KB Financial Group were worth $988,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC grew its position in shares of KB Financial Group by 2.8% in the first quarter. Lazard Asset Management LLC now owns 1,457,537 shares of the bank’s stock valued at $145,360,000 after purchasing an additional 39,764 shares during the last quarter. Morgan Stanley boosted its stake in KB Financial Group by 4.0% during the 4th quarter. Morgan Stanley now owns 1,080,052 shares of the bank’s stock valued at $92,928,000 after purchasing an additional 41,587 shares during the period. Bank of America Corp DE boosted its stake in KB Financial Group by 20.3% during the 1st quarter. Bank of America Corp DE now owns 1,068,416 shares of the bank’s stock valued at $106,553,000 after purchasing an additional 180,590 shares during the period. Capital International Investors boosted its stake in KB Financial Group by 0.6% during the 4th quarter. Capital International Investors now owns 761,913 shares of the bank’s stock valued at $65,637,000 after purchasing an additional 4,745 shares during the period. Finally, M&T Bank Corp acquired a new stake in KB Financial Group in the 4th quarter valued at approximately $36,964,000. 11.52% of the stock is currently owned by institutional investors.

KB Financial Group Stock Down 2.8%

NYSE KB opened at $117.70 on Friday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a 50-day simple moving average of $110.16 and a 200 day simple moving average of $105.90. KB Financial Group Inc has a twelve month low of $76.31 and a twelve month high of $125.62. The stock has a market cap of $41.75 billion, a PE ratio of 10.57, a PEG ratio of 0.71 and a beta of 1.01.

Analysts Set New Price Targets

KB has been the topic of several recent analyst reports. Zacks Research raised KB Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Wall Street Zen cut KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. The Goldman Sachs Group restated a “buy” rating on shares of KB Financial Group in a research note on Wednesday, July 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat, KB Financial Group has an average rating of “Buy”.

KB Financial Group 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.