Capital Group Private Client Services Inc. Decreases Stock Position in KB Financial Group Inc. (NYSE:KB)

Capital Group Private Client Services Inc. cut its position in KB Financial Group Inc. (NYSE:KB) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,699 shares of the bank’s stock after selling 516 shares during the period. Capital Group Private Client Services Inc.’s holdings in KB Financial Group were worth $4,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Capital International Investors raised its holdings in KB Financial Group by 7.2% in the 4th quarter. Capital International Investors now owns 512,752 shares of the bank’s stock valued at $29,194,000 after acquiring an additional 34,585 shares during the last quarter. Marshall Wace LLP grew its position in shares of KB Financial Group by 19.5% in the fourth quarter. Marshall Wace LLP now owns 256,689 shares of the bank’s stock valued at $14,606,000 after purchasing an additional 41,818 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of KB Financial Group by 26.1% in the fourth quarter. NewEdge Advisors LLC now owns 12,787 shares of the bank’s stock valued at $728,000 after purchasing an additional 2,650 shares during the last quarter. Walleye Capital LLC purchased a new position in KB Financial Group during the fourth quarter worth approximately $609,000. Finally, Seeds Investor LLC boosted its stake in KB Financial Group by 2.9% during the fourth quarter. Seeds Investor LLC now owns 6,923 shares of the bank’s stock worth $394,000 after buying an additional 195 shares during the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a research note on Friday.

KB Financial Group Stock Performance

KB Financial Group stock opened at $56.32 on Friday. The stock has a market cap of $22.16 billion, a price-to-earnings ratio of 6.56, a price-to-earnings-growth ratio of 0.52 and a beta of 0.92. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a 50 day simple moving average of $54.53 and a 200-day simple moving average of $60.28. KB Financial Group Inc. has a 1-year low of $45.89 and a 1-year high of $72.89.

KB Financial Group (NYSE:KB) last issued its quarterly earnings data on Wednesday, March 5th. The bank reported $1.21 earnings per share for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The company had revenue of $2.94 billion during the quarter. On average, analysts expect that KB Financial Group Inc. will post 8.87 EPS for the current year.

KB Financial Group Company Profile

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.