Ameriprise Financial Inc. Has $589,000 Stock Holdings in KB Financial Group Inc. (NYSE:KB)

Ameriprise Financial Inc. cut its stake in shares of KB Financial Group Inc. (NYSE:KB) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,344 shares of the bank’s stock after selling 261 shares during the period. Ameriprise Financial Inc.’s holdings in KB Financial Group were worth $589,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of KB Financial Group during the fourth quarter worth $7,301,000. Optas LLC acquired a new position in KB Financial Group during the fourth quarter valued at $261,000. HighTower Advisors LLC purchased a new stake in KB Financial Group in the 4th quarter worth about $933,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in KB Financial Group in the 4th quarter worth about $1,397,000. Finally, SVB Wealth LLC purchased a new stake in KB Financial Group in the 4th quarter worth about $312,000. 11.52% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Stock Up 0.1%

Shares of KB Financial Group stock opened at $73.32 on Wednesday. The stock has a 50-day moving average price of $61.75 and a 200 day moving average price of $60.33. The company has a market cap of $28.85 billion, a P/E ratio of 8.55, a P/E/G ratio of 0.52 and a beta of 0.98. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. KB Financial Group Inc. has a 1 year low of $46.38 and a 1 year high of $75.14.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $3.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.02). The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $4.45 billion. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. As a group, analysts expect that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised KB Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 21st.

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.