Freedom Investment Management Inc. Sells 10,263 Shares of KB Financial Group Inc. (NYSE:KB)

Freedom Investment Management Inc. lessened its stake in shares of KB Financial Group Inc. (NYSE:KB) by 73.7% during the third quarter, Holdings Channel.com reports. The fund owned 3,670 shares of the bank’s stock after selling 10,263 shares during the period. Freedom Investment Management Inc.’s holdings in KB Financial Group were worth $227,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KB. Townsquare Capital LLC acquired a new stake in shares of KB Financial Group in the 3rd quarter valued at $338,000. BNP Paribas Financial Markets boosted its stake in KB Financial Group by 23.4% in the third quarter. BNP Paribas Financial Markets now owns 12,319 shares of the bank’s stock valued at $761,000 after buying an additional 2,337 shares in the last quarter. Quantbot Technologies LP grew its position in KB Financial Group by 27.0% in the third quarter. Quantbot Technologies LP now owns 5,086 shares of the bank’s stock valued at $314,000 after acquiring an additional 1,082 shares during the last quarter. FMR LLC raised its stake in KB Financial Group by 121.6% during the third quarter. FMR LLC now owns 33,642 shares of the bank’s stock worth $2,077,000 after acquiring an additional 18,459 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in KB Financial Group by 69.6% during the third quarter. Cerity Partners LLC now owns 34,134 shares of the bank’s stock worth $2,108,000 after acquiring an additional 14,008 shares in the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Stock Performance

NYSE KB opened at $68.93 on Monday. KB Financial Group Inc. has a fifty-two week low of $36.57 and a fifty-two week high of $72.89. The stock has a market cap of $27.13 billion, a PE ratio of 8.03, a PEG ratio of 0.61 and a beta of 0.97. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The firm’s fifty day moving average price is $66.24 and its two-hundred day moving average price is $62.45.

Analysts Set New Price Targets

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

About KB Financial Group

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.