Russell Investments Group Ltd. cut its position in shares of KB Financial Group Inc (NYSE:KB) by 58.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,739 shares of the bank’s stock after selling 78,366 shares during the period. Russell Investments Group Ltd.’s holdings in KB Financial Group were worth $2,865,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of KB. Profund Advisors LLC increased its stake in KB Financial Group by 24.8% in the first quarter. Profund Advisors LLC now owns 17,782 shares of the bank’s stock worth $782,000 after buying an additional 3,536 shares during the period. Wells Fargo & Company MN increased its stake in KB Financial Group by 161.1% in the first quarter. Wells Fargo & Company MN now owns 330,633 shares of the bank’s stock worth $14,537,000 after buying an additional 203,991 shares during the period. Eqis Capital Management Inc. increased its stake in KB Financial Group by 2.8% in the first quarter. Eqis Capital Management Inc. now owns 21,722 shares of the bank’s stock worth $955,000 after buying an additional 597 shares during the period. US Bancorp DE increased its stake in KB Financial Group by 12.9% in the first quarter. US Bancorp DE now owns 4,636 shares of the bank’s stock worth $204,000 after buying an additional 528 shares during the period. Finally, Dorsey Wright & Associates increased its stake in KB Financial Group by 43.5% in the first quarter. Dorsey Wright & Associates now owns 41,745 shares of the bank’s stock worth $1,836,000 after buying an additional 12,662 shares during the period. Institutional investors own 5.63% of the company’s stock.

KB Financial Group Inc (NYSE:KB) traded down 1.70% during mid-day trading on Thursday, hitting $49.04. 29,214 shares of the stock were exchanged. The company has a market capitalization of $19.45 billion, a PE ratio of 7.65 and a beta of 1.20. KB Financial Group Inc has a 1-year low of $33.47 and a 1-year high of $54.36. The stock has a 50 day moving average price of $51.18 and a 200 day moving average price of $46.79.

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A number of analysts have recently issued reports on KB shares. BidaskClub upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research downgraded shares of KB Financial Group from a “strong-buy” rating to a “sell” rating in a report on Friday, July 14th. Finally, J P Morgan Chase & Co started coverage on shares of KB Financial Group in a report on Wednesday, August 9th. They issued an “overweight” rating on the stock.

About KB Financial Group

KB Financial Group Inc is a financial holding company in Korea. The Company’s operations include Kookmin Bank, a commercial bank in Korea. The Company operates through six business segments: retail banking operations, corporate banking operations, other banking operations, credit card operations, investment and securities operations, and life insurance operations.

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Institutional Ownership by Quarter for KB Financial Group (NYSE:KB)

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