Altrinsic Global Advisors LLC Sells 21,635 Shares of KB Financial Group Inc. (NYSE:KB)

Altrinsic Global Advisors LLC cut its holdings in KB Financial Group Inc. (NYSE:KB) by 27.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,904 shares of the bank’s stock after selling 21,635 shares during the period. Altrinsic Global Advisors LLC’s holdings in KB Financial Group were worth $3,238,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of KB Financial Group in the 4th quarter valued at about $7,301,000. Mirabella Financial Services LLP purchased a new position in KB Financial Group in the 4th quarter worth approximately $5,000,000. Marshall Wace LLP lifted its position in KB Financial Group by 19.5% in the fourth quarter. Marshall Wace LLP now owns 256,689 shares of the bank’s stock valued at $14,606,000 after purchasing an additional 41,818 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of KB Financial Group by 4.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank’s stock valued at $46,424,000 after purchasing an additional 36,394 shares during the period. Finally, Yousif Capital Management LLC grew its holdings in shares of KB Financial Group by 576.3% in the fourth quarter. Yousif Capital Management LLC now owns 41,191 shares of the bank’s stock worth $2,344,000 after purchasing an additional 35,100 shares during the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

KB Financial Group Stock Up 1.1 %

NYSE KB opened at $58.47 on Wednesday. KB Financial Group Inc. has a 1 year low of $46.38 and a 1 year high of $72.89. The stock has a market capitalization of $23.01 billion, a PE ratio of 6.81, a PEG ratio of 0.52 and a beta of 0.92. 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 business’s 50-day moving average is $54.59 and its 200 day moving average is $60.23.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Friday, April 18th.

KB Financial Group Company 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.