Knights of Columbus Asset Advisors LLC Sells 754 Shares of KB Financial Group Inc. (NYSE:KB)

Knights of Columbus Asset Advisors LLC lessened its position in KB Financial Group Inc. (NYSE:KB) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,913 shares of the bank’s stock after selling 754 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in KB Financial Group were worth $410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its holdings in shares of KB Financial Group by 79.8% in the 2nd quarter. Lazard Asset Management LLC now owns 2,959,952 shares of the bank’s stock worth $107,741,000 after acquiring an additional 1,313,605 shares during the last quarter. BlackRock Inc. boosted its position in KB Financial Group by 36.1% during the second quarter. BlackRock Inc. now owns 2,434,596 shares of the bank’s stock valued at $88,619,000 after buying an additional 646,184 shares during the period. Trinity Street Asset Management LLP grew its stake in shares of KB Financial Group by 3.1% during the fourth quarter. Trinity Street Asset Management LLP now owns 2,151,024 shares of the bank’s stock valued at $88,988,000 after buying an additional 65,402 shares during the last quarter. Morgan Stanley grew its stake in shares of KB Financial Group by 4.4% during the third quarter. Morgan Stanley now owns 1,166,599 shares of the bank’s stock valued at $47,959,000 after buying an additional 49,146 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its holdings in shares of KB Financial Group by 17.5% in the first quarter. Royal London Asset Management Ltd. now owns 720,294 shares of the bank’s stock worth $35,226,000 after buying an additional 107,023 shares during the period. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Up 0.8 %

Shares of KB Financial Group stock opened at $46.24 on Monday. The company’s 50 day moving average price is $51.02 and its 200-day moving average price is $44.41. KB Financial Group Inc. has a 52-week low of $35.20 and a 52-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. The stock has a market capitalization of $18.66 billion, a price-to-earnings ratio of 5.24, a P/E/G ratio of 0.37 and a beta of 1.03.

KB Financial Group (NYSE:KB) last released its quarterly earnings data 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 firm had revenue of $3.54 billion during the quarter. KB Financial Group had a net margin of 12.94% and a return on equity of 7.72%. Equities research analysts forecast that KB Financial Group Inc. will post 9.18 EPS for the current year.

Wall Street Analyst Weigh In

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

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.