KB Financial Group Inc $KB Holdings Reduced by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. decreased its holdings in KB Financial Group Inc (NYSE:KB) by 27.6% in the third quarter, Holdings Channel reports. The firm owned 220,172 shares of the bank’s stock after selling 84,126 shares during the quarter. KB Financial Group accounts for about 2.5% of Ramirez Asset Management Inc.’s portfolio, making the stock its 2nd biggest position. Ramirez Asset Management Inc.’s holdings in KB Financial Group were worth $18,254,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Lazard Asset Management LLC increased its holdings in KB Financial Group by 1.7% in the 2nd quarter. Lazard Asset Management LLC now owns 1,554,154 shares of the bank’s stock worth $128,357,000 after buying an additional 26,423 shares in the last quarter. Bank of America Corp DE lifted its stake in KB Financial Group by 9.1% during the 2nd quarter. Bank of America Corp DE now owns 845,567 shares of the bank’s stock valued at $69,835,000 after acquiring an additional 70,865 shares during the period. American Century Companies Inc. lifted its stake in KB Financial Group by 11.4% during the 3rd quarter. American Century Companies Inc. now owns 836,990 shares of the bank’s stock valued at $69,395,000 after acquiring an additional 85,822 shares during the period. Todd Asset Management LLC boosted its holdings in shares of KB Financial Group by 5.9% during the 3rd quarter. Todd Asset Management LLC now owns 560,017 shares of the bank’s stock valued at $46,432,000 after acquiring an additional 31,230 shares during the last quarter. Finally, Orbis Allan Gray Ltd boosted its holdings in shares of KB Financial Group by 0.9% during the 2nd quarter. Orbis Allan Gray Ltd now owns 370,306 shares of the bank’s stock valued at $30,584,000 after acquiring an additional 3,344 shares during the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KB shares. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a report on Monday, December 29th. Zacks Research raised shares of KB Financial Group from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, KB Financial Group presently has an average rating of “Moderate Buy”.

KB Financial Group Price Performance

NYSE KB opened at $99.81 on Friday. The company has a 50-day moving average price of $99.08 and a 200-day moving average price of $88.68. KB Financial Group Inc has a 52 week low of $46.38 and a 52 week high of $119.71. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 2.38. The firm has a market capitalization of $37.21 billion, a P/E ratio of 9.42, a PEG ratio of 0.63 and a beta of 1.08.

KB Financial Group (NYSE:KB) last posted its quarterly earnings data on Saturday, January 31st. The bank reported $1.43 earnings per share (EPS) for the quarter. KB Financial Group had a net margin of 16.96% and a return on equity of 9.79%. Equities research analysts anticipate that KB Financial Group Inc will post 8.87 earnings per share for the current year.

KB Financial Group Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.