OVERSEA CHINESE BANKING Corp Ltd Decreases Holdings in KB Financial Group Inc $KB

OVERSEA CHINESE BANKING Corp Ltd lowered its holdings in KB Financial Group Inc (NYSE:KB) by 8.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,547 shares of the bank’s stock after selling 347 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in KB Financial Group were worth $293,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in KB. Dimensional Fund Advisors LP boosted its holdings in KB Financial Group by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,494,535 shares of the bank’s stock valued at $134,946,000 after purchasing an additional 7,386 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of KB Financial Group by 4.9% in the 1st quarter. Northern Trust Corp now owns 957,093 shares of the bank’s stock valued at $51,788,000 after buying an additional 44,564 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of 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 buying an additional 28,484 shares during the last quarter. American Century Companies Inc. raised its stake in KB Financial Group by 3.5% during the 1st quarter. American Century Companies Inc. now owns 634,875 shares of the bank’s stock worth $34,353,000 after acquiring an additional 21,672 shares in the last quarter. Finally, Ramirez Asset Management Inc. raised its stake in KB Financial Group by 24.6% during the 2nd quarter. Ramirez Asset Management Inc. now owns 304,298 shares of the bank’s stock worth $25,132,000 after acquiring an additional 60,056 shares in the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research note 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 analysts have rated the stock with a Buy rating, According to data from MarketBeat, KB Financial Group has a consensus rating of “Buy”.

KB Financial Group Trading Up 0.1%

NYSE KB opened at $82.02 on Wednesday. The firm’s fifty day moving average is $81.19 and its two-hundred day moving average is $77.10. KB Financial Group Inc has a one year low of $46.38 and a one year high of $92.39. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a market cap of $31.29 billion, a PE ratio of 7.88, a P/E/G ratio of 0.65 and a beta of 1.10.

KB Financial Group (NYSE:KB) last released its quarterly earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.01. The firm 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%. Analysts expect that KB Financial Group Inc will post 8.87 earnings per share for the current year.

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.