Crossmark Global Holdings Inc. Sells 13,868 Shares of KB Financial Group Inc. (NYSE:KB)

Crossmark Global Holdings Inc. reduced its position in KB Financial Group Inc. (NYSE:KB) by 42.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,802 shares of the bank’s stock after selling 13,868 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in KB Financial Group were worth $1,161,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CWA Asset Management Group LLC purchased a new stake in KB Financial Group in the 3rd quarter worth approximately $1,786,000. QRG Capital Management Inc. raised its position in shares of KB Financial Group by 14.5% in the third quarter. QRG Capital Management Inc. now owns 11,985 shares of the bank’s stock worth $740,000 after buying an additional 1,517 shares in the last quarter. US Bancorp DE grew its position in KB Financial Group by 11.8% during the third quarter. US Bancorp DE now owns 23,092 shares of the bank’s stock worth $1,426,000 after buying an additional 2,437 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in KB Financial Group by 412.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,163 shares of the bank’s stock worth $1,430,000 after buying an additional 18,645 shares in the last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of KB Financial Group by 1.4% in the 3rd quarter. Ballentine Partners LLC now owns 22,627 shares of the bank’s stock valued at $1,397,000 after acquiring an additional 305 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th.

KB Financial Group Stock Down 0.9 %

KB opened at $64.47 on Thursday. The business’s fifty day simple moving average is $64.66 and its 200 day simple moving average is $61.34. KB Financial Group Inc. has a 52 week low of $36.57 and a 52 week high of $72.89. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.33. The stock has a market cap of $25.37 billion, a PE ratio of 7.81, a P/E/G ratio of 0.57 and a beta of 0.97.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.36. The company had revenue of $3.18 billion for the quarter. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. As a group, research analysts expect that KB Financial Group Inc. will post 9.29 earnings per share for the current fiscal year.

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.