Ritholtz Wealth Management Sells 2,200 Shares of KB Financial Group Inc $KB

Ritholtz Wealth Management reduced its holdings in KB Financial Group Inc (NYSE:KB) by 4.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,892 shares of the bank’s stock after selling 2,200 shares during the period. Ritholtz Wealth Management’s holdings in KB Financial Group were worth $4,121,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ranmore Fund Management Ltd bought a new position in shares of KB Financial Group during the 1st quarter worth about $12,746,000. Ramirez Asset Management Inc. increased its holdings in shares of 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 purchasing an additional 60,056 shares during the period. Northern Trust Corp increased its stake in KB Financial Group by 4.9% during the first quarter. Northern Trust Corp now owns 957,093 shares of the bank’s stock valued at $51,788,000 after acquiring an additional 44,564 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in KB Financial Group by 53.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,650 shares of the bank’s stock valued at $5,230,000 after acquiring an additional 33,650 shares during the period. Finally, Amundi increased its stake in KB Financial Group by 72.3% during the first quarter. Amundi now owns 76,861 shares of the bank’s stock valued at $4,021,000 after acquiring an additional 32,250 shares during the period. 11.52% of the stock is owned by institutional investors.

KB Financial Group Trading Up 3.1%

KB stock opened at $81.24 on Thursday. KB Financial Group Inc has a 1-year low of $46.38 and a 1-year high of $92.39. The firm has a market cap of $30.99 billion, a P/E ratio of 7.80, a P/E/G ratio of 0.60 and a beta of 1.10. The business’s 50 day moving average is $81.23 and its 200-day moving average is $74.90. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.36.

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

KB Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were issued a dividend of $0.657 per share. This represents a $2.63 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, August 8th. KB Financial Group’s dividend payout ratio is presently 20.37%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. 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 research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

KB Financial Group Company 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.