KB Financial Group Inc. (NYSE:KB) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. reduced its position in shares of KB Financial Group Inc. (NYSE:KB) by 19.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,832 shares of the bank’s stock after selling 3,688 shares during the period. Advisors Asset Management Inc.’s holdings in KB Financial Group were worth $916,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of KB. BOCHK Asset Management Ltd acquired a new stake in shares of KB Financial Group during the 3rd quarter worth about $25,000. Hilltop National Bank purchased a new stake in shares of KB Financial Group in the 2nd quarter valued at approximately $34,000. Benjamin F. Edwards & Company Inc. lifted its holdings 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 acquiring an additional 310 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of KB Financial Group by 35.6% during the 2nd quarter. GAMMA Investing LLC now owns 934 shares of the bank’s stock worth $53,000 after purchasing an additional 245 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in KB Financial Group by 2,427.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock valued at $67,000 after purchasing an additional 1,044 shares during the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

KB Financial Group Trading Down 0.9 %

Shares of KB Financial Group stock opened at $69.15 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. The company has a fifty day simple moving average of $65.78 and a 200-day simple moving average of $62.21. The stock has a market cap of $27.21 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 0.61 and a beta of 0.97. KB Financial Group Inc. has a 12-month low of $36.57 and a 12-month high of $72.89.

Analyst Upgrades and Downgrades

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

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.