Ariel Investments LLC Cuts Position in KB Financial Group Inc $KB

Ariel Investments LLC decreased its stake in KB Financial Group Inc (NYSE:KB) by 50.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,122 shares of the bank’s stock after selling 52,252 shares during the period. Ariel Investments LLC’s holdings in KB Financial Group were worth $4,305,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust increased its holdings in KB Financial Group by 585.7% in the second quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock valued at $28,000 after buying an additional 287 shares in the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of KB Financial Group in the 2nd quarter worth approximately $25,000. PDS Planning Inc increased its stake in KB Financial Group by 4.3% in the 2nd quarter. PDS Planning Inc now owns 8,373 shares of the bank’s stock valued at $692,000 after purchasing an additional 349 shares in the last quarter. Groupama Asset Managment raised its holdings in KB Financial Group by 1.9% during the second quarter. Groupama Asset Managment now owns 19,478 shares of the bank’s stock worth $1,588,000 after purchasing an additional 360 shares during the last quarter. Finally, Aprio Wealth Management LLC boosted its position in KB Financial Group by 4.9% during the first quarter. Aprio Wealth Management LLC now owns 9,617 shares of the bank’s stock worth $520,000 after purchasing an additional 446 shares in the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Trading Up 0.1%

Shares of KB stock opened at $86.54 on Wednesday. The company has a market capitalization of $33.01 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 0.70 and a beta of 1.11. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.38. The firm has a 50-day moving average price of $83.85 and a 200 day moving average price of $81.96. KB Financial Group Inc has a twelve month low of $46.38 and a twelve month high of $92.39.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of KB Financial Group in a research note on Monday, December 1st. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

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.