Rhumbline Advisers Has $2.44 Million Stock Holdings in KB Financial Group Inc. (NYSE:KB)

Rhumbline Advisers lessened its position in KB Financial Group Inc. (NYSE:KB) by 10.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,131 shares of the bank’s stock after selling 5,142 shares during the period. Rhumbline Advisers’ holdings in KB Financial Group were worth $2,442,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Northern Trust Corp grew its position in KB Financial Group by 310.0% during the fourth quarter. Northern Trust Corp now owns 912,529 shares of the bank’s stock valued at $51,923,000 after buying an additional 689,979 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in KB Financial Group by 4.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank’s stock valued at $46,424,000 after purchasing an additional 36,394 shares during the last quarter. American Century Companies Inc. increased its position in KB Financial Group by 4.9% during the 4th quarter. American Century Companies Inc. now owns 613,203 shares of the bank’s stock valued at $34,891,000 after purchasing an additional 28,627 shares during the period. Capital International Investors boosted its holdings in shares of KB Financial Group by 7.2% during the 4th quarter. Capital International Investors now owns 512,752 shares of the bank’s stock valued at $29,194,000 after buying an additional 34,585 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in KB Financial Group by 4.9% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 447,400 shares of the bank’s stock worth $25,457,000 after acquiring an additional 20,970 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

KB Financial Group Price Performance

KB Financial Group stock opened at $80.11 on Tuesday. KB Financial Group Inc. has a 52-week low of $46.38 and a 52-week high of $81.63. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The firm’s fifty day moving average is $66.74 and its 200 day moving average is $60.95. The company has a market cap of $31.53 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 0.52 and a beta of 1.05.

KB Financial Group (NYSE:KB) last released its quarterly earnings results on Thursday, April 24th. The bank reported $3.02 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.02). The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $4.45 billion. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. Sell-side analysts forecast that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.

KB Financial Group 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.