4,722 KB Financial Group Inc $KB Shares Sold by Summit Global Investments

Summit Global Investments cut its position in KB Financial Group Inc (NYSE:KB) by 44.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,854 shares of the bank’s stock after selling 4,722 shares during the quarter. Summit Global Investments’ holdings in KB Financial Group were worth $721,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KB. Lazard Asset Management LLC increased its holdings in KB Financial Group by 2.8% during the first quarter. Lazard Asset Management LLC now owns 1,457,537 shares of the bank’s stock worth $145,360,000 after buying an additional 39,764 shares during the last quarter. Bank of America Corp DE lifted its stake in KB Financial Group by 20.3% in the first quarter. Bank of America Corp DE now owns 1,068,416 shares of the bank’s stock valued at $106,553,000 after acquiring an additional 180,590 shares during the last quarter. Royal Bank of Canada lifted its stake in KB Financial Group by 18.7% in the first quarter. Royal Bank of Canada now owns 342,236 shares of the bank’s stock valued at $34,131,000 after acquiring an additional 53,952 shares during the last quarter. WCM Investment Management LLC acquired a new stake in KB Financial Group in the first quarter valued at $24,497,000. Finally, Trinity Street Asset Management LLP grew its position in shares of KB Financial Group by 141.4% in the 2nd quarter. Trinity Street Asset Management LLP now owns 146,667 shares of the bank’s stock valued at $15,394,000 after acquiring an additional 85,904 shares during the period. 11.52% of the stock is currently owned by institutional investors and hedge funds.

KB Financial Group Stock Performance

KB opened at $112.01 on Tuesday. KB Financial Group Inc has a 12-month low of $81.36 and a 12-month high of $133.29. The stock has a market cap of $39.73 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 0.61 and a beta of 1.05. The business has a 50 day moving average of $123.00 and a 200-day moving average of $111.41. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.53.

KB Financial Group (NYSE:KB) last issued its earnings results on Friday, August 14th. The bank reported $3.67 EPS for the quarter, topping the consensus estimate of $3.51 by $0.16. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.45 billion. KB Financial Group had a return on equity of 10.11% and a net margin of 17.67%. On average, equities research analysts expect that KB Financial Group Inc will post 13.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KB shares. Weiss Ratings downgraded shares of KB Financial Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, October 26th. Zacks Research raised shares of KB Financial Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korean financial holding company headquartered in Seoul. Established in 2008, the group operates through a broad network of financial subsidiaries led by KB Kookmin Bank, one of South Korea’s major commercial banks. Its American depositary shares trade on the New York Stock Exchange under the symbol “KB.”

KB Financial Group provides a wide range of financial products and services, including retail and commercial banking, corporate finance, credit cards, securities brokerage and investment banking, insurance, asset management, consumer finance, and savings banking.