Raiffeisen Bank International AG Decreases Stake in KB Financial Group Inc $KB

Raiffeisen Bank International AG cut its holdings in shares of KB Financial Group Inc (NYSE:KB) by 22.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,656 shares of the bank’s stock after selling 2,213 shares during the quarter. Raiffeisen Bank International AG’s holdings in KB Financial Group were worth $623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. First Horizon Advisors Inc. bought a new position in KB Financial Group during the 2nd quarter valued at about $25,000. Parkside Financial Bank & Trust raised its holdings in shares of KB Financial Group by 585.7% during the second quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock valued at $28,000 after purchasing an additional 287 shares during the last quarter. Hantz Financial Services Inc. lifted its position in KB Financial Group by 817.9% during the second quarter. Hantz Financial Services Inc. now owns 771 shares of the bank’s stock valued at $64,000 after purchasing an additional 687 shares during the period. GAMMA Investing LLC boosted its holdings in KB Financial Group by 105.6% in the second quarter. GAMMA Investing LLC now owns 1,836 shares of the bank’s stock worth $152,000 after purchasing an additional 943 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in KB Financial Group by 215.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,134 shares of the bank’s stock worth $176,000 after purchasing an additional 1,457 shares during the period. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Trading Down 0.5%

Shares of KB stock opened at $83.73 on Thursday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market cap of $31.94 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 0.65 and a beta of 1.14. KB Financial Group Inc has a 1 year low of $46.38 and a 1 year high of $92.39. The firm has a fifty day moving average price of $83.24 and a 200-day moving average price of $80.10.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KB shares. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a report on Wednesday, October 8th. Wall Street Zen cut KB Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

About KB Financial Group

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.