KB Financial Group Inc $KB Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. cut its stake in shares of KB Financial Group Inc (NYSE:KB) by 79.4% in the second quarter, HoldingsChannel.com reports. The fund owned 5,650 shares of the bank’s stock after selling 21,808 shares during the period. Thornburg Investment Management Inc.’s holdings in KB Financial Group were worth $467,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in KB Financial Group by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,494,535 shares of the bank’s stock worth $134,946,000 after buying an additional 7,386 shares during the last quarter. Northern Trust Corp increased its position in shares of KB Financial Group by 4.9% during the first quarter. Northern Trust Corp now owns 957,093 shares of the bank’s stock worth $51,788,000 after purchasing an additional 44,564 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in KB Financial Group by 3.5% in 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 purchasing an additional 28,484 shares during the last quarter. American Century Companies Inc. raised its stake in KB Financial Group by 18.3% in the 2nd quarter. American Century Companies Inc. now owns 751,168 shares of the bank’s stock valued at $62,039,000 after purchasing an additional 116,293 shares during the last quarter. Finally, Ramirez Asset Management Inc. raised its position in shares of KB Financial Group by 24.6% in the second quarter. Ramirez Asset Management Inc. now owns 304,298 shares of the bank’s stock valued at $25,132,000 after buying an additional 60,056 shares during the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on KB. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of KB Financial Group in a research note on Monday. Wall Street Zen lowered KB Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

KB Financial Group Stock Up 1.2%

Shares of NYSE KB opened at $85.10 on Thursday. The company has a market capitalization of $32.46 billion, a P/E ratio of 8.18, a P/E/G ratio of 0.65 and a beta of 1.14. 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 50 day simple moving average of $83.06 and a 200-day simple moving average of $80.69. KB Financial Group Inc has a 1 year low of $46.38 and a 1 year high of $92.39.

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.