Atria Investments Inc Sells 3,751 Shares of KB Financial Group Inc. (NYSE:KB)

Atria Investments Inc decreased its holdings in shares of KB Financial Group Inc. (NYSE:KB) by 40.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,529 shares of the bank’s stock after selling 3,751 shares during the period. Atria Investments Inc’s holdings in KB Financial Group were worth $341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. BOCHK Asset Management Ltd purchased a new stake in shares of KB Financial Group in the 3rd quarter worth approximately $25,000. Hilltop National Bank purchased a new stake in shares of KB Financial Group in the 2nd quarter worth approximately $34,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of KB Financial Group by 66.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank’s stock worth $44,000 after buying an additional 310 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of KB Financial Group by 35.6% in the 2nd quarter. GAMMA Investing LLC now owns 934 shares of the bank’s stock worth $53,000 after buying an additional 245 shares during the last quarter. Finally, CWM LLC grew its stake in shares of KB Financial Group by 5.7% in the 3rd quarter. CWM LLC now owns 2,851 shares of the bank’s stock worth $176,000 after buying an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Performance

KB Financial Group stock opened at $69.91 on Friday. The stock’s 50 day moving average is $65.30 and its 200 day moving average is $61.82. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. KB Financial Group Inc. has a twelve month low of $36.57 and a twelve month high of $72.89. The company has a market capitalization of $27.51 billion, a P/E ratio of 8.06, a PEG ratio of 0.58 and a beta of 0.97.

Analyst Upgrades and Downgrades

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

KB Financial Group Company 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.