KB Financial Group Inc $KB Shares Sold by Boston Partners

Boston Partners decreased its position in shares of KB Financial Group Inc (NYSE:KB) by 28.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 86,769 shares of the bank’s stock after selling 35,230 shares during the period. Boston Partners’ holdings in KB Financial Group were worth $7,163,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in KB Financial Group by 12.3% in the 1st quarter. Bank of New York Mellon Corp now owns 14,714 shares of the bank’s stock valued at $796,000 after acquiring an additional 1,608 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of KB Financial Group by 2.6% during the first quarter. Envestnet Asset Management Inc. now owns 174,242 shares of the bank’s stock worth $9,428,000 after purchasing an additional 4,448 shares during the last quarter. Cerity Partners LLC grew its position in shares of KB Financial Group by 63.7% in the first quarter. Cerity Partners LLC now owns 46,620 shares of the bank’s stock valued at $2,523,000 after purchasing an additional 18,149 shares during the period. Bridgewater Advisors Inc. acquired a new position in KB Financial Group in the first quarter valued at $434,000. Finally, Victory Capital Management Inc. increased its stake in KB Financial Group by 27.3% in the first quarter. Victory Capital Management Inc. now owns 15,620 shares of the bank’s stock valued at $845,000 after purchasing an additional 3,345 shares during the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on KB shares. Wall Street Zen lowered KB Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

KB Financial Group Trading Down 1.8%

Shares of KB stock opened at $89.52 on Friday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.36. KB Financial Group Inc has a fifty-two week low of $46.38 and a fifty-two week high of $92.39. The firm’s 50 day moving average price is $82.80 and its two-hundred day moving average price is $79.33. The stock has a market cap of $34.15 billion, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 0.65 and a beta of 1.14.

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

About KB Financial Group

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.