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

Freedom Investment Management Inc. lessened its position in shares of KB Financial Group Inc (NYSE:KB) by 12.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,567 shares of the bank’s stock after selling 514 shares during the quarter. Freedom Investment Management Inc.’s holdings in KB Financial Group were worth $295,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KB. Wealth Enhancement Advisory Services LLC grew its position in KB Financial Group by 8.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,348 shares of the bank’s stock valued at $1,426,000 after buying an additional 2,135 shares during the period. Perigon Wealth Management LLC acquired a new stake in KB Financial Group during the first quarter valued at $214,000. Aaron Wealth Advisors LLC grew its position in KB Financial Group by 6.7% during the first quarter. Aaron Wealth Advisors LLC now owns 5,161 shares of the bank’s stock valued at $279,000 after buying an additional 325 shares during the period. Bank of New York Mellon Corp grew its position in KB Financial Group by 12.3% during the first quarter. Bank of New York Mellon Corp now owns 14,714 shares of the bank’s stock valued at $796,000 after buying an additional 1,608 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in KB Financial Group by 2.6% during the first quarter. Envestnet Asset Management Inc. now owns 174,242 shares of the bank’s stock valued at $9,428,000 after buying an additional 4,448 shares during the period. Institutional investors and hedge funds own 11.52% of the company’s stock.

KB Financial Group Stock Performance

NYSE:KB opened at $80.09 on Monday. The company’s 50-day moving average price is $81.03 and its 200-day moving average price is $76.67. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.36. The company has a market cap of $30.55 billion, a P/E ratio of 7.69, a P/E/G ratio of 0.61 and a beta of 1.10. KB Financial Group Inc has a twelve month low of $46.38 and a twelve month high of $92.39.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a report on Saturday. Wall Street Zen downgraded shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

KB Financial Group Profile

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.