Vanguard Group Inc. cut its stake in shares of KB Financial Group Inc (NYSE:KB) by 9.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,116,514 shares of the bank’s stock after selling 115,674 shares during the period. Vanguard Group Inc.’s holdings in KB Financial Group were worth $49,093,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of KB. Karp Capital Management Corp purchased a new stake in KB Financial Group during the first quarter valued at $17,941,000. Parametric Portfolio Associates LLC boosted its position in KB Financial Group by 41.2% in the first quarter. Parametric Portfolio Associates LLC now owns 334,251 shares of the bank’s stock worth $14,697,000 after buying an additional 97,600 shares during the last quarter. Wells Fargo & Company MN boosted its position 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 last quarter. Renaissance Group LLC bought a new position in KB Financial Group during the first quarter worth $12,920,000. Finally, Alliancebernstein L.P. boosted its position in KB Financial Group by 37.2% in the first quarter. Alliancebernstein L.P. now owns 190,380 shares of the bank’s stock worth $8,371,000 after buying an additional 51,650 shares during the last quarter. 6.26% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Inc (NYSE:KB) traded down 0.159% during trading on Friday, hitting $49.671. 28,240 shares of the company were exchanged. KB Financial Group Inc has a 12 month low of $32.82 and a 12 month high of $54.36. The company has a 50-day moving average of $51.07 and a 200-day moving average of $46.04. The company has a market capitalization of $19.70 billion, a price-to-earnings ratio of 7.681 and a beta of 1.20.

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KB has been the subject of a number of research analyst reports. J P Morgan Chase & Co initiated coverage on shares of KB Financial Group in a research report on Wednesday. They set an “overweight” rating for the company. BidaskClub cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Zacks Investment Research cut shares of KB Financial Group from a “strong-buy” rating to a “sell” rating in a research report on Friday, July 14th. Five investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $58.00.

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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