Altrinsic Global Advisors LLC Sells 28,002 Shares of KB Financial Group Inc $KB

Altrinsic Global Advisors LLC lowered its stake in KB Financial Group Inc (NYSE:KB) by 51.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,809 shares of the bank’s stock after selling 28,002 shares during the quarter. Altrinsic Global Advisors LLC’s holdings in KB Financial Group were worth $2,223,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in KB. Signaturefd LLC grew its stake in shares of KB Financial Group by 0.5% during the third quarter. Signaturefd LLC now owns 25,927 shares of the bank’s stock worth $2,150,000 after purchasing an additional 133 shares during the period. Ascent Group LLC lifted its stake in KB Financial Group by 4.3% in the third quarter. Ascent Group LLC now owns 3,401 shares of the bank’s stock valued at $282,000 after buying an additional 140 shares during the period. Huntington National Bank lifted its stake in KB Financial Group by 16.4% in the third quarter. Huntington National Bank now owns 1,138 shares of the bank’s stock valued at $94,000 after buying an additional 160 shares during the period. Focus Partners Advisor Solutions LLC boosted its holdings in KB Financial Group by 6.1% during the third quarter. Focus Partners Advisor Solutions LLC now owns 3,077 shares of the bank’s stock worth $258,000 after buying an additional 178 shares during the last quarter. Finally, Aprio Wealth Management LLC grew its position in shares of KB Financial Group by 1.8% during the 3rd quarter. Aprio Wealth Management LLC now owns 10,032 shares of the bank’s stock worth $832,000 after buying an additional 181 shares during the period. 11.52% of the stock is currently owned by institutional investors.

KB Financial Group Stock Performance

KB stock opened at $99.35 on Friday. KB Financial Group Inc has a 1-year low of $46.38 and a 1-year high of $119.71. The company has a current ratio of 1.64, a quick ratio of 1.65 and a debt-to-equity ratio of 2.48. The firm has a market cap of $37.04 billion, a PE ratio of 9.31, a P/E/G ratio of 0.61 and a beta of 1.08. The business’s 50-day moving average price is $100.57 and its two-hundred day moving average price is $89.55.

KB Financial Group (NYSE:KB) last released its quarterly earnings results on Saturday, January 31st. The bank reported $1.43 EPS for the quarter. KB Financial Group had a return on equity of 9.67% and a net margin of 17.16%. As a group, research analysts forecast that KB Financial Group Inc will post 8.87 earnings per share for the current year.

Wall Street Analyst Weigh In

KB has been the subject of a number of recent analyst reports. Zacks Research raised KB Financial Group from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, KB Financial Group has a consensus rating of “Moderate Buy”.

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.