Embestnet Asset Management reduced its stake in KB Financial Group (NYSE: KB – Get Rating) by 17.9% in the fourth quarter, according to the latest Securities and Exchange Commission filings. The institutional investor owned 137,265 bank shares after selling 29,942 shares during the quarter. Envestnet Asset Management Inc.’s KB Financial Group holdings were worth $5,307,000 at the end of the most recent reporting period.
Several other hedge funds have also recently changed their positions in KB. JPMorgan Chase increased its position in KB Financial Group stock by 2.0% in the first quarter. JPMorgan Chase bought an additional 378 shares last quarter and now has 18,979 shares worth $927,000. BlackRock Inc. increased his KB Financial Group holdings by 1.7% in the first quarter. BlackRock purchased an additional 23,138 shares during the last quarter and now owns 1,419,748 bank shares worth $69,327,000. Allianz Asset Management GmbH increased his KB Financial Group holdings by 19.4% in the first quarter. Allianz Asset Management GmbH now owns 18,669 shares of the bank worth $911,000 after purchasing an additional 3,032 shares last quarter. Sequoia Financial Advisors LLC increased his KB Financial Group holdings by 57.9% in the first quarter. Sequoia Financial Advisors LLC purchased an additional 3,225 shares during the last quarter and now owns 8,795 bank shares worth $429,000. Finally, Royal London Asset Management Limited increased its stake in KB Financial Group by 17.5% in the first quarter. Royal London Asset Management Limited purchased an additional 107,023 shares during the previous quarter and now owns 720,294 shares in the bank, valued at $35,226,000. Currently, 5.80% of the shares are owned by hedge funds and other institutional investors.
KB Financial Group price performance
KB shares opened Friday at $36.52. The company has a debt to equity ratio of 2.83, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $14.74 billion, trades at 4.32x earnings, 0.43x earnings, and 0.94x beta. The company’s 50-day simple moving average is $36.80 and its 200-day simple moving average is $39.04. KB Financial Group hit a one-year low of $30.14 and a one-year high of $49.17.
KB Financial Group (NYSE:KB – Get Rating) last reported results on Thursday, March 2nd. The bank reported EPS of $0.60 for the quarter. The business generated $3.43 billion in revenue for the quarter. KB Financial Group’s net profit margin was 17.90% and return on equity was 12.34%. Equity analysts expect KB Financial Group Inc.’s EPS to be 9.23 for the year as a whole group.
Wall Street analysts forecast growth
Several brokerage firms recently commented to KB. StockNews.com upgraded KB Financial Group’s shares from a ‘hold’ rating to a ‘buy’ rating in a report on Tuesday, May 9. Bank of America cut its price target on KB Financial Group stock to $46.15 from $55.38 in a report on Wednesday, March 1.
About KB Financial Group
KB Financial Group, Inc, through its subsidiaries, is engaged in the provision of financial services. It operates through the Corporate Banking, Retail Banking, Other Banking Services, Credit Cards, Life Insurance, Investments and Securities Business segments. The Corporate Banking Business segment provides services such as loans, overdrafts, deposits, lines of credit and other foreign currency activities.
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