Macquarie Group Ltd. reduced its stake in KB Financial Group, Inc. (NYSE:KB) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 669,594 shares of the bank’s stock after selling 25,100 shares during the period. Macquarie Group Ltd. owned 0.17% of KB Financial Group worth $28,110,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. increased its position in shares of KB Financial Group by 15.6% in the third quarter. Franklin Resources Inc. now owns 7,306,116 shares of the bank’s stock valued at $352,723,000 after buying an additional 987,646 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of KB Financial Group by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 4,388,176 shares of the bank’s stock valued at $211,837,000 after buying an additional 33,176 shares in the last quarter. Trinity Street Asset Management LLP increased its position in shares of KB Financial Group by 1.2% in the fourth quarter. Trinity Street Asset Management LLP now owns 1,261,865 shares of the bank’s stock valued at $52,973,000 after buying an additional 14,843 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of KB Financial Group by 0.8% in the third quarter. Wells Fargo & Company MN now owns 339,755 shares of the bank’s stock valued at $16,403,000 after buying an additional 2,772 shares in the last quarter. Finally, Federated Investors Inc. PA purchased a new position in shares of KB Financial Group in the third quarter valued at $9,506,000. Institutional investors own 6.12% of the company’s stock.
KB Financial Group stock traded down $0.32 during midday trading on Friday, reaching $40.57. 318,177 shares of the company were exchanged, compared to its average volume of 184,402. The stock has a market cap of $16.08 billion, a PE ratio of 5.46, a P/E/G ratio of 1.24 and a beta of 0.75. KB Financial Group, Inc. has a 1 year low of $35.89 and a 1 year high of $57.37. The company has a current ratio of 1.64, a quick ratio of 1.65 and a debt-to-equity ratio of 2.42.
A number of research analysts have recently weighed in on KB shares. CLSA upgraded KB Financial Group from an “underperform” rating to an “outperform” rating in a research report on Wednesday, March 27th. Zacks Investment Research cut KB Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, February 19th. Finally, Goldman Sachs Group assumed coverage on KB Financial Group in a research report on Sunday, March 31st. They set a “buy” rating for the company. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.00.
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KB Financial Group Profile
KB Financial Group Inc, a financial holding company, provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. It operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.
See Also: Systematic Risk
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