Dimensional Fund Advisors LP lessened its holdings in KB Financial Group Inc. (NYSE:KB – Free Report) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,903,973 shares of the bank’s stock after selling 97,714 shares during the quarter. Dimensional Fund Advisors LP’s holdings in KB Financial Group were worth $105,765,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP boosted its stake in shares of KB Financial Group by 79.6% in the first quarter. Allworth Financial LP now owns 697 shares of the bank’s stock valued at $25,000 after buying an additional 309 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in KB Financial Group by 156.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 625 shares of the bank’s stock worth $31,000 after acquiring an additional 381 shares during the period. CWM LLC grew its holdings in KB Financial Group by 41.2% in the first quarter. CWM LLC now owns 1,487 shares of the bank’s stock valued at $54,000 after purchasing an additional 434 shares during the period. Tower Research Capital LLC TRC raised its position in shares of KB Financial Group by 39.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,152 shares of the bank’s stock worth $78,000 after buying an additional 607 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in KB Financial Group by 38.4% in the second quarter. Captrust Financial Advisors now owns 2,698 shares of the bank’s stock valued at $100,000 after acquiring an additional 748 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of KB Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th.
KB Financial Group Price Performance
Shares of KB stock opened at $40.41 on Friday. The firm has a market cap of $16.31 billion, a P/E ratio of 4.70, a P/E/G ratio of 0.32 and a beta of 0.96. The firm has a fifty day moving average of $38.86 and a two-hundred day moving average of $37.71. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.68 and a quick ratio of 1.68. KB Financial Group Inc. has a 1-year low of $30.14 and a 1-year high of $48.28.
KB Financial Group (NYSE:KB – Get Free Report) last posted its quarterly earnings results on Tuesday, July 25th. The bank reported $2.81 earnings per share (EPS) for the quarter. The company had revenue of $3.60 billion for the quarter. KB Financial Group had a net margin of 14.72% and a return on equity of 8.56%. As a group, research analysts anticipate that KB Financial Group Inc. will post 10.06 earnings per share for the current fiscal year.
About KB Financial Group
KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. The company operates through seven segments: Retail Banking, Corporate Banking, Other Banking, Credit Card, Securities, Life Insurance, and Non-Life Insurance.
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