Vanguard Group Inc. Sells 8,277 Shares of KB Financial Group Inc. (NYSE:KB)

Vanguard Group Inc. reduced its stake in shares of KB Financial Group Inc. (NYSE:KB) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 517,053 shares of the bank’s stock after selling 8,277 shares during the quarter. Vanguard Group Inc. owned about 0.13% of KB Financial Group worth $21,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its holdings in KB Financial Group by 156.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 625 shares of the bank’s stock valued at $31,000 after buying an additional 381 shares in the last quarter. Allworth Financial LP grew its holdings in shares of KB Financial Group by 125.1% in the third quarter. Allworth Financial LP now owns 1,166 shares of the bank’s stock valued at $48,000 after purchasing an additional 648 shares in the last quarter. CWM LLC grew its holdings in shares of KB Financial Group by 18.9% in the third quarter. CWM LLC now owns 2,144 shares of the bank’s stock valued at $88,000 after purchasing an additional 341 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of KB Financial Group by 39.3% in the first quarter. Tower Research Capital LLC TRC now owns 2,152 shares of the bank’s stock valued at $78,000 after purchasing an additional 607 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of KB Financial Group by 38.4% in the second quarter. Captrust Financial Advisors now owns 2,698 shares of the bank’s stock valued at $100,000 after purchasing an additional 748 shares in the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th.

KB Financial Group Trading Down 5.0 %

KB stock opened at $47.17 on Friday. The firm has a market cap of $19.03 billion, a PE ratio of 5.35, a price-to-earnings-growth ratio of 0.40 and a beta of 1.04. The firm has a fifty day moving average price of $51.31 and a 200 day moving average price of $44.19. KB Financial Group Inc. has a fifty-two week low of $35.20 and a fifty-two week high of $58.52. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.69 and a current ratio of 1.67.

KB Financial Group (NYSE:KB) last issued its quarterly earnings results on Wednesday, March 6th. The bank reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.21). The company had revenue of $3.54 billion during the quarter. KB Financial Group had a return on equity of 7.72% and a net margin of 12.94%. Sell-side analysts anticipate that KB Financial Group Inc. will post 9.18 earnings per share for the current fiscal year.

KB Financial Group Company 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.