Freedom Investment Management Inc. Lowers Stock Position in KB Financial Group Inc $KB

Freedom Investment Management Inc. lessened its holdings in KB Financial Group Inc (NYSE:KB) by 12.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,567 shares of the bank’s stock after selling 514 shares during the period. Freedom Investment Management Inc.’s holdings in KB Financial Group were worth $295,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of KB. Wealth Enhancement Advisory Services LLC lifted its position in shares of KB Financial Group by 8.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,348 shares of the bank’s stock worth $1,426,000 after purchasing an additional 2,135 shares during the period. Perigon Wealth Management LLC purchased a new stake in shares of KB Financial Group in the 1st quarter worth approximately $214,000. Aaron Wealth Advisors LLC lifted its position in shares of KB Financial Group by 6.7% in the 1st quarter. Aaron Wealth Advisors LLC now owns 5,161 shares of the bank’s stock worth $279,000 after purchasing an additional 325 shares during the period. Bank of New York Mellon Corp lifted its position in KB Financial Group by 12.3% during the first quarter. Bank of New York Mellon Corp now owns 14,714 shares of the bank’s stock valued at $796,000 after acquiring an additional 1,608 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in KB Financial Group by 2.6% during the first quarter. Envestnet Asset Management Inc. now owns 174,242 shares of the bank’s stock valued at $9,428,000 after acquiring an additional 4,448 shares during the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

KB has been the subject of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a research report on Saturday. Wall Street Zen cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, KB Financial Group currently has an average rating of “Buy”.

KB Financial Group Stock Down 0.7%

NYSE:KB opened at $80.09 on Monday. The firm has a market capitalization of $30.55 billion, a P/E ratio of 7.69, a PEG ratio of 0.61 and a beta of 1.10. KB Financial Group Inc has a 1-year low of $46.38 and a 1-year high of $92.39. The company’s fifty day moving average price is $81.03 and its 200-day moving average price is $76.67. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.67 and a quick ratio of 1.67.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Thursday, August 14th. The bank reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.01. The firm had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.20 billion. KB Financial Group had a net margin of 16.16% and a return on equity of 9.79%. As a group, equities research analysts anticipate 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.