Quantbot Technologies LP Reduces Stake in KB Financial Group Inc. (NYSE:KB)

Quantbot Technologies LP lessened its stake in shares of KB Financial Group Inc. (NYSE:KB) by 72.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,384 shares of the bank’s stock after selling 3,702 shares during the period. Quantbot Technologies LP’s holdings in KB Financial Group were worth $79,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of KB Financial Group during the 4th quarter worth approximately $856,000. FMR LLC boosted its position in shares of 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 buying an additional 18,459 shares during the period. Cerity Partners LLC grew its stake in shares of KB Financial Group by 69.6% in the third quarter. Cerity Partners LLC now owns 34,134 shares of the bank’s stock valued at $2,108,000 after buying an additional 14,008 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of KB Financial Group by 30.5% in the 4th quarter. Blue Trust Inc. now owns 36,868 shares of the bank’s stock valued at $2,277,000 after buying an additional 8,625 shares during the period. Finally, Stifel Financial Corp lifted its stake in KB Financial Group by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 21,371 shares of the bank’s stock worth $1,320,000 after acquiring an additional 308 shares in the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on KB. StockNews.com lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. 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.

KB Financial Group Price Performance

Shares of NYSE KB opened at $54.04 on Tuesday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market cap of $21.27 billion, a price-to-earnings ratio of 6.30, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. The stock’s 50-day moving average is $57.26 and its two-hundred day moving average is $61.30. KB Financial Group Inc. has a 1-year low of $45.59 and a 1-year high of $72.89.

KB Financial Group (NYSE:KB) last posted its quarterly earnings results on Wednesday, March 5th. The bank reported $1.21 EPS for the quarter. The company 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%. Analysts forecast that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.

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.