Public Employees Retirement System of Ohio Sells 56,969 Shares of KB Financial Group Inc $KB

Public Employees Retirement System of Ohio decreased its holdings in shares of KB Financial Group Inc (NYSE:KB) by 55.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,868 shares of the bank’s stock after selling 56,969 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in KB Financial Group were worth $4,475,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KB. Morgan Stanley raised its stake in KB Financial Group by 4.0% in the fourth quarter. Morgan Stanley now owns 1,080,052 shares of the bank’s stock valued at $92,928,000 after purchasing an additional 41,587 shares in the last quarter. Bank of America Corp DE grew its stake in KB Financial Group by 4.3% in the 3rd quarter. Bank of America Corp DE now owns 882,277 shares of the bank’s stock worth $73,150,000 after buying an additional 36,710 shares in the last quarter. Capital International Investors increased its holdings in shares of KB Financial Group by 0.6% in the 4th quarter. Capital International Investors now owns 761,913 shares of the bank’s stock worth $65,637,000 after buying an additional 4,745 shares during the last quarter. M&T Bank Corp bought a new position in shares of KB Financial Group in the 4th quarter worth $36,964,000. Finally, Orbis Allan Gray Ltd raised its position in shares of KB Financial Group by 4.0% during the 4th quarter. Orbis Allan Gray Ltd now owns 378,785 shares of the bank’s stock valued at $32,591,000 after buying an additional 14,637 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on KB shares. Wall Street Zen lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. The Goldman Sachs Group restated a “buy” rating on shares of KB Financial Group in a research report on Wednesday, July 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

KB Financial Group Stock Performance

KB Financial Group stock opened at $112.31 on Thursday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.47. The company has a market capitalization of $39.84 billion, a PE ratio of 10.08, a P/E/G ratio of 0.69 and a beta of 1.01. The firm has a fifty day simple moving average of $109.59 and a two-hundred day simple moving average of $105.58. KB Financial Group Inc has a twelve month low of $76.31 and a twelve month high of $125.62.

KB Financial Group (NYSE:KB) last posted its quarterly earnings results on Tuesday, March 31st. The bank reported $2.16 earnings per share (EPS) for the quarter. The business had revenue of $3.49 billion during the quarter. KB Financial Group had a net margin of 17.36% and a return on equity of 9.99%. Research analysts expect that KB Financial Group Inc will post 12.91 EPS for the current year.

About KB Financial Group

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.