CW Advisors LLC Cuts Stake in KB Financial Group Inc $KB

CW Advisors LLC lessened its holdings in shares of KB Financial Group Inc (NYSE:KB) by 15.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,310 shares of the bank’s stock after selling 1,915 shares during the quarter. CW Advisors LLC’s holdings in KB Financial Group were worth $558,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of KB Financial Group by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,494,535 shares of the bank’s stock worth $134,946,000 after acquiring an additional 7,386 shares during the last quarter. Northern Trust Corp lifted its position in shares of KB Financial Group by 4.9% during the 1st quarter. Northern Trust Corp now owns 957,093 shares of the bank’s stock valued at $51,788,000 after buying an additional 44,564 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of KB Financial Group by 3.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 844,377 shares of the bank’s stock valued at $45,689,000 after buying an additional 28,484 shares in the last quarter. American Century Companies Inc. raised its stake in KB Financial Group by 3.5% during the 1st quarter. American Century Companies Inc. now owns 634,875 shares of the bank’s stock valued at $34,353,000 after purchasing an additional 21,672 shares during the period. Finally, Trinity Street Asset Management LLP raised its stake in KB Financial Group by 35.6% during the 1st quarter. Trinity Street Asset Management LLP now owns 330,384 shares of the bank’s stock valued at $17,877,000 after purchasing an additional 86,737 shares during the period. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Trading Up 0.5%

KB opened at $78.23 on Thursday. The stock has a fifty day moving average price of $81.94 and a 200-day moving average price of $68.62. KB Financial Group Inc has a 12 month low of $46.38 and a 12 month high of $92.39. The firm has a market cap of $29.84 billion, a price-to-earnings ratio of 7.52, a PEG ratio of 0.60 and a beta of 1.06. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.36.

KB Financial Group (NYSE:KB) last announced its earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.01. KB Financial Group had a return on equity of 9.79% and a net margin of 16.16%.The company had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.20 billion. As a group, equities research analysts anticipate that KB Financial Group Inc will post 8.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded KB Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

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.