KB Financial Group Inc $KB Stock Holdings Cut by Global Retirement Partners LLC

Global Retirement Partners LLC lessened its position in KB Financial Group Inc (NYSE:KB) by 88.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 941 shares of the bank’s stock after selling 7,304 shares during the period. Global Retirement Partners LLC’s holdings in KB Financial Group were worth $78,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Lazard Asset Management LLC grew its holdings in KB Financial Group by 1.7% during the second quarter. Lazard Asset Management LLC now owns 1,554,154 shares of the bank’s stock worth $128,357,000 after acquiring an additional 26,423 shares during the period. Bank of America Corp DE grew its stake in shares of KB Financial Group by 9.1% in the 2nd quarter. Bank of America Corp DE now owns 845,567 shares of the bank’s stock worth $69,835,000 after purchasing an additional 70,865 shares during the last quarter. American Century Companies Inc. grew its stake in shares of KB Financial Group by 18.3% in the 2nd quarter. American Century Companies Inc. now owns 751,168 shares of the bank’s stock worth $62,039,000 after purchasing an additional 116,293 shares during the last quarter. Orbis Allan Gray Ltd raised its holdings in shares of KB Financial Group by 0.9% in the 2nd quarter. Orbis Allan Gray Ltd now owns 370,306 shares of the bank’s stock worth $30,584,000 after purchasing an additional 3,344 shares in the last quarter. Finally, Ramirez Asset Management Inc. lifted its stake in KB Financial Group by 24.6% during the second quarter. Ramirez Asset Management Inc. now owns 304,298 shares of the bank’s stock valued at $25,132,000 after purchasing an additional 60,056 shares during the last quarter. Institutional investors own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on KB shares. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research report on Monday, December 29th. Zacks Research cut KB Financial Group from a “hold” rating to a “strong sell” rating in a report on Thursday, December 18th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

KB Financial Group Price Performance

Shares of NYSE:KB opened at $86.96 on Wednesday. The company’s fifty day moving average is $86.17 and its two-hundred day moving average is $83.38. The company has a market cap of $33.17 billion, a P/E ratio of 8.20, a price-to-earnings-growth ratio of 0.65 and a beta of 1.12. KB Financial Group Inc has a 12-month low of $46.38 and a 12-month high of $92.39. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 2.38.

KB Financial Group Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.