Ethic Inc. Sells 3,854 Shares of KB Financial Group Inc $KB

Ethic Inc. lowered its stake in shares of KB Financial Group Inc (NYSE:KB) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,016 shares of the bank’s stock after selling 3,854 shares during the quarter. Ethic Inc.’s holdings in KB Financial Group were worth $4,647,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Drive Wealth Management LLC bought a new stake in shares of KB Financial Group during the second quarter valued at approximately $278,000. Calamos Wealth Management LLC bought a new stake in shares of KB Financial Group during the second quarter valued at approximately $3,007,000. Naviter Wealth LLC bought a new stake in shares of KB Financial Group during the second quarter valued at approximately $372,000. Verdence Capital Advisors LLC bought a new stake in shares of KB Financial Group during the second quarter valued at approximately $217,000. Finally, Sequoia Financial Advisors LLC increased its position in shares of KB Financial Group by 12.7% during the second quarter. Sequoia Financial Advisors LLC now owns 15,984 shares of the bank’s stock valued at $1,320,000 after purchasing an additional 1,806 shares during the period. 11.52% of the stock is currently owned by institutional investors.

KB Financial Group Price Performance

Shares of KB stock opened at $80.49 on Friday. The stock’s fifty day simple moving average is $81.07 and its 200 day simple moving average is $76.06. 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 firm has a market cap of $30.70 billion, a price-to-earnings ratio of 7.73, a P/E/G ratio of 0.62 and a beta of 1.10. KB Financial Group Inc has a one year low of $46.38 and a one year high of $92.39.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KB shares. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research 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 investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock 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.