Rhumbline Advisers Has $2.67 Million Position in KB Financial Group Inc $KB

Rhumbline Advisers trimmed its holdings in shares of KB Financial Group Inc (NYSE:KB) by 14.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,249 shares of the bank’s stock after selling 5,562 shares during the period. Rhumbline Advisers’ holdings in KB Financial Group were worth $2,674,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of KB. First Horizon Advisors Inc. acquired a new position in KB Financial Group during the second quarter valued at approximately $25,000. Parkside Financial Bank & Trust increased its position in shares of KB Financial Group by 585.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock worth $28,000 after purchasing an additional 287 shares during the last quarter. First Horizon Corp bought a new stake in shares of KB Financial Group during the 3rd quarter worth approximately $30,000. Jones Financial Companies Lllp boosted its holdings in shares of KB Financial Group by 187.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 500 shares of the bank’s stock valued at $40,000 after buying an additional 326 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of KB Financial Group by 397.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 727 shares of the bank’s stock valued at $60,000 after buying an additional 581 shares during the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

KB Financial Group Trading Down 2.4%

KB stock opened at $115.36 on Friday. KB Financial Group Inc has a one year low of $46.38 and a one year high of $119.71. The stock has a market cap of $43.01 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 0.73 and a beta of 1.11. The company has a fifty day moving average price of $96.75 and a two-hundred day moving average price of $87.69. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.65 and a quick ratio of 1.65.

KB Financial Group (NYSE:KB) last posted its earnings results on Saturday, January 31st. The bank reported $1.43 earnings per share (EPS) for the quarter. KB Financial Group had a net margin of 16.96% and a return on equity of 9.79%. Equities analysts anticipate that KB Financial Group Inc will post 8.87 EPS for the current year.

Wall Street Analysts Forecast Growth

KB has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research report on Monday, December 29th. Zacks Research raised shares of KB Financial Group from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

KB Financial Group 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.