Guggenheim Capital LLC Has $713,000 Stock Holdings in KB Financial Group Inc. (NYSE:KB)

Guggenheim Capital LLC reduced its stake in shares of KB Financial Group Inc. (NYSE:KB) by 39.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,579 shares of the bank’s stock after selling 12,548 shares during the quarter. Guggenheim Capital LLC’s holdings in KB Financial Group were worth $713,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Royal London Asset Management Ltd. grew its holdings in KB Financial Group by 43.5% during the 4th quarter. Royal London Asset Management Ltd. now owns 1,861,432 shares of the bank’s stock worth $71,954,000 after acquiring an additional 564,396 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in KB Financial Group by 86.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 600,940 shares of the bank’s stock worth $29,344,000 after purchasing an additional 278,345 shares during the period. BlackRock Inc. boosted its position in shares of KB Financial Group by 13.1% in the third quarter. BlackRock Inc. now owns 1,685,229 shares of the bank’s stock valued at $50,793,000 after acquiring an additional 195,313 shares during the period. Nordwand Advisors LLC acquired a new position in KB Financial Group in the fourth quarter valued at about $4,962,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in KB Financial Group by 77.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 232,579 shares of the bank’s stock valued at $8,992,000 after purchasing an additional 101,466 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

KB Financial Group Trading Down 0.5 %

NYSE KB opened at $40.43 on Wednesday. KB Financial Group Inc. has a 12 month low of $30.14 and a 12 month high of $48.28. The firm has a market capitalization of $16.31 billion, a P/E ratio of 4.70, a PEG ratio of 0.32 and a beta of 0.96. The business has a fifty day simple moving average of $38.68 and a 200 day simple moving average of $37.67. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.38.

KB Financial Group (NYSE:KB) last announced its earnings results on Tuesday, July 25th. The bank reported $2.81 earnings per share (EPS) for the quarter. The firm had revenue of $3.60 billion during the quarter. KB Financial Group had a return on equity of 8.56% and a net margin of 14.72%. On average, analysts predict that KB Financial Group Inc. will post 10.06 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut KB Financial Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th.

About KB Financial Group

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. The company operates through seven segments: Retail Banking, Corporate Banking, Other Banking, Credit Card, Securities, Life Insurance, and Non-Life Insurance.