Mercer Global Advisors Inc. ADV Lowers Holdings in KB Financial Group Inc. (NYSE:KB)

Mercer Global Advisors Inc. ADV reduced its position in shares of KB Financial Group Inc. (NYSE:KB) by 6.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,822 shares of the bank’s stock after selling 431 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in KB Financial Group were worth $330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE raised its stake in shares of KB Financial Group by 47.7% in the fourth quarter. US Bancorp DE now owns 21,303 shares of the bank’s stock valued at $881,000 after acquiring an additional 6,877 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in KB Financial Group in the fourth quarter valued at $1,112,000. Hudson Edge Investment Partners Inc. acquired a new stake in KB Financial Group in the fourth quarter valued at $328,000. Capital International Investors raised its stake in KB Financial Group by 11.5% in the fourth quarter. Capital International Investors now owns 235,708 shares of the bank’s stock valued at $9,842,000 after buying an additional 24,227 shares in the last quarter. Finally, Barometer Capital Management Inc. acquired a new stake in KB Financial Group in the fourth quarter valued at $120,000. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

KB Financial Group Stock Up 0.5 %

KB Financial Group stock opened at $63.42 on Monday. KB Financial Group Inc. has a 1-year low of $36.57 and a 1-year high of $67.40. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a market cap of $25.59 billion, a PE ratio of 7.92, a P/E/G ratio of 0.44 and a beta of 0.99. The stock’s fifty day moving average is $62.60 and its two-hundred day moving average is $58.00.

KB Financial Group (NYSE:KB) last posted its earnings results on Wednesday, August 14th. The bank reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.36. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. The business had revenue of $3.18 billion for the quarter. On average, sell-side analysts expect that KB Financial Group Inc. will post 9.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 27th.

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.