GRATRY & Co LLC Sells 1,305 Shares of KB Financial Group, Inc. (KB)

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.

COPYRIGHT VIOLATION WARNING: “GRATRY & Co LLC Sells 1,305 Shares of KB Financial Group, Inc. (KB)” was first published by Stock Observer and is owned by of Stock Observer. If you are accessing this article on another publication, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this article can be read at https://www.thestockobserver.com/2018/02/05/gratry-co-llc-sells-1305-shares-of-kb-financial-group-inc-kb.html.

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.

Want to see what other hedge funds are holding KB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Financial Group, Inc. (NYSE:KB).

Institutional Ownership by Quarter for KB Financial Group (NYSE:KB)

Receive News & Ratings for KB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply