Hsbc Holdings PLC reduced its stake in KB Financial Group Inc (NYSE:KB – Free Report) by 60.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 114,075 shares of the bank’s stock after selling 177,929 shares during the period. Hsbc Holdings PLC’s holdings in KB Financial Group were worth $9,790,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the company. M&T Bank Corp acquired a new stake in shares of KB Financial Group during the fourth quarter worth about $36,964,000. Invesco Ltd. increased its stake in KB Financial Group by 508.9% in the second quarter. Invesco Ltd. now owns 152,939 shares of the bank’s stock valued at $12,631,000 after purchasing an additional 127,823 shares during the last quarter. American Century Companies Inc. grew its position in shares of KB Financial Group by 11.4% in the 3rd quarter. American Century Companies Inc. now owns 836,990 shares of the bank’s stock valued at $69,395,000 after buying an additional 85,822 shares during the last quarter. Capital International Investors increased its position in shares of KB Financial Group by 12.7% during the third quarter. Capital International Investors now owns 757,168 shares of the bank’s stock worth $62,735,000 after purchasing an additional 85,231 shares in the last quarter. Finally, Laird Norton Wetherby Trust Company LLC purchased a new stake in shares of KB Financial Group in the 4th quarter valued at about $6,640,000. 11.52% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
KB has been the topic of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday. Wall Street Zen cut KB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, KB Financial Group presently has an average rating of “Moderate Buy”.
KB Financial Group Trading Down 1.5%
NYSE KB opened at $98.50 on Friday. The firm’s fifty day moving average is $105.88 and its two-hundred day moving average is $100.69. KB Financial Group Inc has a one year low of $76.31 and a one year high of $119.71. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market cap of $34.94 billion, a PE ratio of 8.84, a P/E/G ratio of 0.61 and a beta of 1.01.
KB Financial Group (NYSE:KB – Get Free Report) last announced its earnings results on Tuesday, March 31st. The bank reported $2.16 earnings per share for the quarter. KB Financial Group had a net margin of 17.36% and a return on equity of 9.99%. The business had revenue of $3.49 billion during the quarter. Analysts expect that KB Financial Group Inc will post 11.93 earnings per share for the current year.
KB Financial Group Company 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.
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