KB Financial Group Inc $KB Shares Sold by UBS Group AG

UBS Group AG cut its holdings in KB Financial Group Inc (NYSE:KB) by 7.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 91,896 shares of the bank’s stock after selling 6,875 shares during the quarter. UBS Group AG’s holdings in KB Financial Group were worth $7,907,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC raised its position in KB Financial Group by 1.2% during the fourth quarter. Sanctuary Advisors LLC now owns 14,750 shares of the bank’s stock worth $1,269,000 after acquiring an additional 173 shares during the last quarter. Calamos Wealth Management LLC lifted its holdings in shares of KB Financial Group by 5.8% in the fourth quarter. Calamos Wealth Management LLC now owns 41,900 shares of the bank’s stock valued at $3,605,000 after purchasing an additional 2,293 shares in the last quarter. HB Wealth Management LLC grew its position in shares of KB Financial Group by 18.7% in the fourth quarter. HB Wealth Management LLC now owns 3,255 shares of the bank’s stock valued at $280,000 after purchasing an additional 512 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of KB Financial Group in the fourth quarter valued at approximately $36,964,000. Finally, Seeds Investor LLC increased its stake in shares of KB Financial Group by 1.8% during the 4th quarter. Seeds Investor LLC now owns 6,606 shares of the bank’s stock worth $568,000 after purchasing an additional 114 shares in the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Trading Down 0.4%

Shares of KB Financial Group stock opened at $103.78 on Tuesday. KB Financial Group Inc has a fifty-two week low of $67.42 and a fifty-two week high of $119.71. The business’s fifty day moving average is $104.62 and its two-hundred day moving average is $96.93. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.48. The firm has a market cap of $38.69 billion, a PE ratio of 9.32, a P/E/G ratio of 0.64 and a beta of 1.06.

KB Financial Group (NYSE:KB) last released its earnings results on Tuesday, March 31st. The bank reported $2.16 EPS for the quarter. KB Financial Group had a return on equity of 10.00% and a net margin of 17.36%.The firm had revenue of $6.18 billion during the quarter. Analysts anticipate that KB Financial Group Inc will post 11.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on KB shares. Zacks Research upgraded KB Financial Group from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Wall Street Zen cut KB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate 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.