Natixis Advisors LLC Sells 1,350 Shares of KB Financial Group Inc. (NYSE:KB)

Natixis Advisors LLC reduced its position in KB Financial Group Inc. (NYSE:KB) by 3.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,616 shares of the bank’s stock after selling 1,350 shares during the period. Natixis Advisors LLC’s holdings in KB Financial Group were worth $2,425,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cerity Partners LLC raised its position in shares of KB Financial Group by 69.6% in the 3rd quarter. Cerity Partners LLC now owns 34,134 shares of the bank’s stock valued at $2,108,000 after purchasing an additional 14,008 shares during the last quarter. FMR LLC raised its position in shares of KB Financial Group by 121.6% in the 3rd quarter. FMR LLC now owns 33,642 shares of the bank’s stock valued at $2,077,000 after purchasing an additional 18,459 shares during the last quarter. Quantbot Technologies LP raised its position in shares of KB Financial Group by 27.0% in the 3rd quarter. Quantbot Technologies LP now owns 5,086 shares of the bank’s stock valued at $314,000 after purchasing an additional 1,082 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of KB Financial Group by 23.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,319 shares of the bank’s stock valued at $761,000 after purchasing an additional 2,337 shares during the last quarter. Finally, Townsquare Capital LLC purchased a new position in shares of KB Financial Group in the 3rd quarter valued at approximately $338,000. 11.52% of the stock is currently owned by institutional investors.

KB Financial Group Stock Performance

KB opened at $55.59 on Monday. KB Financial Group Inc. has a 12-month low of $45.59 and a 12-month high of $72.89. 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 firm has a market capitalization of $21.88 billion, a PE ratio of 6.48, a P/E/G ratio of 0.52 and a beta of 0.99. The firm has a 50 day moving average of $58.02 and a two-hundred day moving average of $61.55.

KB Financial Group (NYSE:KB) last posted its earnings results on Wednesday, March 5th. The bank reported $1.21 earnings per share for the quarter. The firm had revenue of $2.94 billion during the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. On average, analysts anticipate that KB Financial Group Inc. will post 8.87 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KB. Morgan Stanley raised shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th. StockNews.com lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Friday.

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.