Grantham Mayo Van Otterloo & Co. LLC Sells 12,863 Shares of KB Financial Group Inc $KB

Grantham Mayo Van Otterloo & Co. LLC lowered its position in shares of KB Financial Group Inc (NYSE:KB) by 19.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,153 shares of the bank’s stock after selling 12,863 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in KB Financial Group were worth $4,390,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. US Bancorp DE lifted its stake in shares of KB Financial Group by 1.3% in the 1st quarter. US Bancorp DE now owns 20,442 shares of the bank’s stock valued at $1,106,000 after purchasing an additional 272 shares during the period. Parkside Financial Bank & Trust increased its holdings in KB Financial Group by 585.7% in the second quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock worth $28,000 after purchasing an additional 287 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in KB Financial Group in the second quarter valued at approximately $25,000. PDS Planning Inc boosted its holdings in shares of KB Financial Group by 4.3% during the 2nd quarter. PDS Planning Inc now owns 8,373 shares of the bank’s stock worth $692,000 after buying an additional 349 shares in the last quarter. Finally, Groupama Asset Managment boosted its holdings in shares of KB Financial Group by 1.9% during the 2nd quarter. Groupama Asset Managment now owns 19,478 shares of the bank’s stock worth $1,588,000 after buying an additional 360 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KB has been the subject of several research analyst reports. Wall Street Zen lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Weiss Ratings restated a “buy (b-)” rating on shares of KB Financial Group in a report on Monday, November 24th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

KB Financial Group Price Performance

Shares of KB opened at $85.09 on Friday. The business’s fifty day moving average is $83.09 and its 200 day moving average is $80.96. KB Financial Group Inc has a 12-month low of $46.38 and a 12-month high of $92.39. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.36. The stock has a market cap of $32.46 billion, a P/E ratio of 8.17, a P/E/G ratio of 0.65 and a beta of 1.14.

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.