KB Financial Group Inc $KB Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in KB Financial Group Inc (NYSE:KB) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,413 shares of the bank’s stock after selling 2,778 shares during the quarter. Yousif Capital Management LLC’s holdings in KB Financial Group were worth $3,173,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in KB Financial Group during the second quarter worth about $302,000. Vanguard Personalized Indexing Management LLC raised its holdings in KB Financial Group by 18.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 51,141 shares of the bank’s stock worth $4,224,000 after purchasing an additional 7,864 shares in the last quarter. Johnson Investment Counsel Inc. purchased a new position in KB Financial Group during the second quarter worth about $226,000. PDS Planning Inc raised its holdings in KB Financial Group by 4.3% during the second quarter. PDS Planning Inc now owns 8,373 shares of the bank’s stock worth $692,000 after purchasing an additional 349 shares in the last quarter. Finally, Ramirez Asset Management Inc. raised its holdings in KB Financial Group by 24.6% during the second quarter. Ramirez Asset Management Inc. now owns 304,298 shares of the bank’s stock worth $25,132,000 after purchasing an additional 60,056 shares in the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on KB shares. Wall Street Zen cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

KB Financial Group Trading Down 1.4%

Shares of KB opened at $80.17 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.36. The firm’s 50-day moving average is $81.18 and its two-hundred day moving average is $75.08. KB Financial Group Inc has a twelve month low of $46.38 and a twelve month high of $92.39. The firm has a market capitalization of $30.58 billion, a P/E ratio of 7.70, a PEG ratio of 0.62 and a beta of 1.10.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.01. KB Financial Group had a net margin of 16.16% and a return on equity of 9.79%. The company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.20 billion. On average, research analysts predict that KB Financial Group Inc will post 8.87 earnings per share for the current fiscal year.

KB Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were issued a $0.657 dividend. This represents a $2.63 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, August 8th. KB Financial Group’s dividend payout ratio is 20.37%.

KB Financial Group 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.