UBS Group AG Cuts Stake in KB Financial Group Inc $KB

UBS Group AG lessened its position in KB Financial Group Inc (NYSE:KB) by 7.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 91,896 shares of the bank’s stock after selling 6,875 shares during the period. UBS Group AG’s holdings in KB Financial Group were worth $7,907,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. M&T Bank Corp purchased a new position in KB Financial Group during the fourth quarter worth about $36,964,000. Invesco Ltd. boosted its holdings in KB Financial Group by 508.9% in the 2nd 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 in the last quarter. American Century Companies Inc. increased its position in KB Financial Group by 11.4% during the 3rd quarter. American Century Companies Inc. now owns 836,990 shares of the bank’s stock worth $69,395,000 after purchasing an additional 85,822 shares during the period. Capital International Investors raised its stake in shares of KB Financial Group by 12.7% during the 3rd quarter. Capital International Investors now owns 757,168 shares of the bank’s stock worth $62,735,000 after buying an additional 85,231 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of KB Financial Group by 82.0% during the 3rd quarter. Two Sigma Investments LP now owns 171,025 shares of the bank’s stock worth $14,180,000 after buying an additional 77,048 shares in the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Trading Down 0.4%

Shares of KB Financial Group stock opened at $103.78 on Tuesday. KB Financial Group Inc has a 12-month low of $67.42 and a 12-month high of $119.71. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.48. The stock has a market cap of $38.69 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 0.64 and a beta of 1.06. The company has a 50-day moving average of $104.62 and a two-hundred day moving average of $96.93.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Tuesday, March 31st. The bank reported $2.16 EPS for the quarter. The business had revenue of $6.18 billion for the quarter. KB Financial Group had a return on equity of 10.00% and a net margin of 17.36%. On average, research analysts anticipate that KB Financial Group Inc will post 11.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Zacks Research upgraded KB Financial Group from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Wall Street Zen cut KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

About KB Financial Group

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.