GRATRY & Co LLC reduced its holdings in shares of KB Financial Group, Inc. (NYSE:KB) by 5.7% in the 4th quarter, HoldingsChannel reports. The fund owned 21,555 shares of the bank’s stock after selling 1,305 shares during the period. KB Financial Group accounts for approximately 1.5% of GRATRY & Co LLC’s investment portfolio, making the stock its 28th largest holding. GRATRY & Co LLC’s holdings in KB Financial Group were worth $1,261,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of KB. Checchi Capital Advisers LLC acquired a new stake in shares of KB Financial Group during the 4th quarter worth about $213,000. Aperio Group LLC boosted its stake in shares of KB Financial Group by 6.8% during the 4th quarter. Aperio Group LLC now owns 506,770 shares of the bank’s stock worth $29,651,000 after purchasing an additional 32,173 shares during the last quarter. Pillar Pacific Capital Management LLC acquired a new stake in shares of KB Financial Group during the 4th quarter worth about $313,000. Eqis Capital Management Inc. boosted its stake in shares of KB Financial Group by 11.4% during the 4th quarter. Eqis Capital Management Inc. now owns 25,259 shares of the bank’s stock worth $1,478,000 after purchasing an additional 2,590 shares during the last quarter. Finally, Hermes Investment Management Ltd. boosted its stake in shares of KB Financial Group by 32.7% during the 4th quarter. Hermes Investment Management Ltd. now owns 237,002 shares of the bank’s stock worth $13,867,000 after purchasing an additional 58,398 shares during the last quarter. Hedge funds and other institutional investors own 5.94% of the company’s stock.
KB Financial Group, Inc. (NYSE:KB) traded up $0.78 on Monday, hitting $61.38. 55,707 shares of the company traded hands, compared to its average volume of 124,379. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.61 and a quick ratio of 1.61. KB Financial Group, Inc. has a twelve month low of $40.59 and a twelve month high of $63.96. The firm has a market capitalization of $24,300.78, a PE ratio of 9.41, a PEG ratio of 0.42 and a beta of 1.27.
Several equities research analysts have issued reports on KB shares. Zacks Investment Research raised shares of KB Financial Group from a “sell” rating to a “hold” rating and set a $60.00 price target on the stock in a research note on Saturday, October 28th. TheStreet cut shares of KB Financial Group from a “b-” rating to a “c” rating in a research note on Monday, November 27th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $71.00.
About KB Financial Group
KB Financial Group Inc is a financial holding company in Korea. The Company’s operations include Kookmin Bank, a commercial bank in Korea. The Company operates through six business segments: retail banking operations, corporate banking operations, other banking operations, credit card operations, investment and securities operations, and life insurance operations.
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