Russell Investments Group Ltd. Reduces Holdings in KB Financial Group, Inc. (KB)

Russell Investments Group Ltd. lessened its stake in shares of KB Financial Group, Inc. (NYSE:KB) by 13.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,459 shares of the bank’s stock after selling 6,986 shares during the period. Russell Investments Group Ltd.’s holdings in KB Financial Group were worth $2,020,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Northern Trust Corp raised its position in shares of KB Financial Group by 3.9% during the 1st quarter. Northern Trust Corp now owns 1,264,941 shares of the bank’s stock valued at $73,291,000 after buying an additional 47,968 shares in the last quarter. Trinity Street Asset Management LLP purchased a new stake in shares of KB Financial Group during the 2nd quarter valued at about $31,832,000. Wells Fargo & Company MN raised its position in shares of KB Financial Group by 12.5% during the 1st quarter. Wells Fargo & Company MN now owns 568,159 shares of the bank’s stock valued at $32,919,000 after buying an additional 63,335 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of KB Financial Group by 13.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 461,280 shares of the bank’s stock valued at $21,440,000 after buying an additional 53,800 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of KB Financial Group by 559.1% during the 1st quarter. BlackRock Inc. now owns 356,113 shares of the bank’s stock valued at $20,634,000 after buying an additional 302,080 shares in the last quarter. 5.78% of the stock is owned by institutional investors and hedge funds.

KB Financial Group stock opened at $47.02 on Tuesday. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.63 and a current ratio of 1.63. KB Financial Group, Inc. has a 1-year low of $43.32 and a 1-year high of $63.96. The stock has a market capitalization of $18.98 billion, a P/E ratio of 6.33, a PEG ratio of 1.26 and a beta of 1.25.

KB Financial Group (NYSE:KB) last posted its quarterly earnings data on Thursday, July 19th. The bank reported $2.22 earnings per share for the quarter. KB Financial Group had a net margin of 22.13% and a return on equity of 9.81%. The company had revenue of $2.60 billion for the quarter. sell-side analysts expect that KB Financial Group, Inc. will post 8.1 EPS for the current fiscal year.

Several analysts have recently issued reports on KB shares. Zacks Investment Research upgraded shares of KB Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Bank of America cut shares of KB Financial Group from a “buy” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research report on Thursday, August 30th. Finally, ValuEngine cut shares of KB Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, June 21st.

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.

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

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