KB Financial Group, Inc. (KB) Shares Sold by Russell Investments Group Ltd.
Russell Investments Group Ltd. reduced its stake in KB Financial Group, Inc. (NYSE:KB) by 13.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,459 shares of the bank’s stock after selling 6,986 shares during the period. Russell Investments Group Ltd.’s holdings in KB Financial Group were worth $2,020,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the business. Northern Trust Corp grew its stake in KB Financial Group by 3.9% in the 1st quarter. Northern Trust Corp now owns 1,264,941 shares of the bank’s stock worth $73,291,000 after acquiring an additional 47,968 shares in the last quarter. Trinity Street Asset Management LLP bought a new position in KB Financial Group in the 2nd quarter worth about $31,832,000. Wells Fargo & Company MN grew its stake in KB Financial Group by 12.5% in the 1st quarter. Wells Fargo & Company MN now owns 568,159 shares of the bank’s stock worth $32,919,000 after acquiring an additional 63,335 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in KB Financial Group by 13.2% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 461,280 shares of the bank’s stock worth $21,440,000 after acquiring an additional 53,800 shares in the last quarter. Finally, BlackRock Inc. grew its stake in KB Financial Group by 559.1% in the 1st quarter. BlackRock Inc. now owns 356,113 shares of the bank’s stock worth $20,634,000 after acquiring an additional 302,080 shares in the last quarter. Institutional investors and hedge funds own 5.78% of the company’s stock.
NYSE KB opened at $47.02 on Tuesday. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.63 and a current ratio of 1.63. KB Financial Group, Inc. has a 52-week low of $43.32 and a 52-week high of $63.96. The company has a market cap of $18.98 billion, a PE ratio of 6.33, a price-to-earnings-growth ratio of 1.26 and a beta of 1.25.
A number of brokerages have commented on KB. Zacks Investment Research upgraded shares of KB Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. ValuEngine downgraded shares of KB Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. Finally, Bank of America downgraded shares of KB Financial Group from a “buy” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research note on Thursday, August 30th.
KB Financial Group Profile
KB Financial Group Inc, a financial holding company, provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. It operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.
Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)
Want to see what other hedge funds are holding KB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Financial Group, Inc. (NYSE:KB).
Receive News & Ratings for KB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.