Bank of America Corp DE Sells 8,991 Shares of KB Financial Group, Inc. (KB)

Bank of America Corp DE reduced its stake in KB Financial Group, Inc. (NYSE:KB) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 267,227 shares of the bank’s stock after selling 8,991 shares during the quarter. Bank of America Corp DE owned about 0.07% of KB Financial Group worth $11,218,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of KB. Lindbrook Capital LLC purchased a new position in KB Financial Group in the fourth quarter valued at about $39,000. PRW Wealth Management LLC purchased a new position in KB Financial Group in the fourth quarter valued at about $46,000. Quantamental Technologies LLC purchased a new position in KB Financial Group in the fourth quarter valued at about $122,000. Financial Gravity Companies Inc. purchased a new position in KB Financial Group in the fourth quarter valued at about $145,000. Finally, PNC Financial Services Group Inc. boosted its holdings in KB Financial Group by 12.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the bank’s stock valued at $163,000 after purchasing an additional 444 shares during the last quarter. Institutional investors and hedge funds own 6.13% of the company’s stock.

NYSE:KB traded up $0.11 during trading hours on Friday, reaching $40.06. 92,519 shares of the stock were exchanged, compared to its average volume of 182,351. The company has a quick ratio of 1.65, a current ratio of 1.64 and a debt-to-equity ratio of 2.42. KB Financial Group, Inc. has a 52 week low of $35.89 and a 52 week high of $55.45. The company has a market cap of $15.87 billion, a PE ratio of 5.39, a P/E/G ratio of 1.21 and a beta of 0.77.

The company also recently announced an annual dividend, which was paid on Tuesday, April 16th. Shareholders of record on Friday, December 28th were issued a dividend of $1.375 per share. This represents a yield of 3.46%. The ex-dividend date of this dividend was Thursday, December 27th. KB Financial Group’s dividend payout ratio is presently 18.44%.

A number of brokerages recently commented on KB. Zacks Investment Research downgraded KB Financial Group from a “hold” rating to a “sell” rating in a report on Friday, February 1st. Goldman Sachs Group began coverage on KB Financial Group in a report on Sunday, March 31st. They issued a “buy” rating for the company. Finally, CLSA raised KB Financial Group from an “underperform” rating to an “outperform” rating in a report on Wednesday, March 27th. Two investment 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 company has an average rating of “Hold” and an average target price of $61.00.

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About KB Financial Group

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.

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Institutional Ownership by Quarter for KB Financial Group (NYSE:KB)

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