Barclays PLC Cuts Stake in KB Financial Group Inc. (NYSE:KB)

Barclays PLC decreased its stake in KB Financial Group Inc. (NYSE:KB) by 98.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,068 shares of the bank’s stock after selling 99,767 shares during the quarter. Barclays PLC’s holdings in KB Financial Group were worth $66,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in KB Financial Group by 23.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 779,499 shares of the bank’s stock valued at $48,134,000 after buying an additional 145,861 shares during the last quarter. American Century Companies Inc. grew its stake in KB Financial Group by 7.1% during the 2nd quarter. American Century Companies Inc. now owns 511,542 shares of the bank’s stock valued at $28,958,000 after purchasing an additional 33,900 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in KB Financial Group by 4.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 165,691 shares of the bank’s stock worth $9,380,000 after purchasing an additional 7,809 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in KB Financial Group during the 3rd quarter worth approximately $7,291,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of KB Financial Group by 46.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 93,850 shares of the bank’s stock valued at $5,795,000 after purchasing an additional 29,850 shares in the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

Wall Street Analysts Forecast Growth

KB has been the subject of a number of recent analyst reports. StockNews.com raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. 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 Trading Down 0.1 %

Shares of NYSE KB opened at $58.24 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The stock’s 50 day moving average price is $62.80 and its two-hundred day moving average price is $62.87. KB Financial Group Inc. has a 52-week low of $36.57 and a 52-week high of $72.89. The stock has a market capitalization of $22.92 billion, a P/E ratio of 6.79, a PEG ratio of 0.52 and a beta of 0.99.

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.