Sivia Capital Partners LLC Cuts Stock Position in KB Financial Group Inc $KB

Sivia Capital Partners LLC cut its holdings in KB Financial Group Inc (NYSE:KB) by 19.0% in the second quarter, Holdings Channel reports. The institutional investor owned 4,112 shares of the bank’s stock after selling 967 shares during the quarter. Sivia Capital Partners LLC’s holdings in KB Financial Group were worth $340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KB. Ranmore Fund Management Ltd purchased a new stake in shares of KB Financial Group in the first quarter valued at approximately $12,746,000. Trinity Street Asset Management LLP increased its position in shares of KB Financial Group by 35.6% during the first quarter. Trinity Street Asset Management LLP now owns 330,384 shares of the bank’s stock worth $17,877,000 after purchasing an additional 86,737 shares in the last quarter. GAMMA Investing LLC increased its position in shares of KB Financial Group by 3,678.0% during the first quarter. GAMMA Investing LLC now owns 48,320 shares of the bank’s stock worth $2,615,000 after purchasing an additional 47,041 shares in the last quarter. Northern Trust Corp increased its position in shares of KB Financial Group by 4.9% during the first quarter. Northern Trust Corp now owns 957,093 shares of the bank’s stock worth $51,788,000 after purchasing an additional 44,564 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of 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 worth $5,230,000 after purchasing an additional 33,650 shares in the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

KB Financial Group Stock Down 1.4%

Shares of NYSE:KB opened at $84.36 on Friday. 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 business has a fifty day moving average of $81.49 and a two-hundred day moving average of $71.35. The stock has a market cap of $32.18 billion, a P/E ratio of 8.10, a PEG ratio of 0.65 and a beta of 1.07. KB Financial Group Inc has a 52-week low of $46.38 and a 52-week high of $92.39.

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

KB Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were issued a $0.657 dividend. This represents a $2.63 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, August 8th. KB Financial Group’s dividend payout ratio is presently 20.37%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut KB Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus 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.