DGS Capital Management LLC Reduces Position in KB Financial Group Inc. (NYSE:KB)

DGS Capital Management LLC decreased its position in KB Financial Group Inc. (NYSE:KB) by 1.4% during the 4th quarter, Holdings Channel reports. The firm owned 22,680 shares of the bank’s stock after selling 331 shares during the period. DGS Capital Management LLC’s holdings in KB Financial Group were worth $1,290,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. CWM LLC grew its holdings in KB Financial Group by 5.7% in the 3rd quarter. CWM LLC now owns 2,851 shares of the bank’s stock worth $176,000 after acquiring an additional 155 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in KB Financial Group by 1.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 13,248 shares of the bank’s stock valued at $818,000 after purchasing an additional 208 shares during the period. Centiva Capital LP raised its position in KB Financial Group by 6.0% during the 3rd quarter. Centiva Capital LP now owns 5,034 shares of the bank’s stock valued at $311,000 after purchasing an additional 283 shares during the last quarter. Adero Partners LLC grew its position in shares of KB Financial Group by 6.1% in the 3rd quarter. Adero Partners LLC now owns 5,097 shares of the bank’s stock worth $315,000 after buying an additional 295 shares during the last quarter. Finally, Ballentine Partners LLC increased its stake in shares of KB Financial Group by 1.4% during the third quarter. Ballentine Partners LLC now owns 22,627 shares of the bank’s stock valued at $1,397,000 after buying an additional 305 shares during the period. 11.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Morgan Stanley raised KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th. StockNews.com raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th.

KB Financial Group Stock Up 0.1 %

Shares of NYSE:KB opened at $62.04 on Friday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. KB Financial Group Inc. has a 52-week low of $39.19 and a 52-week high of $72.89. The firm has a market capitalization of $24.41 billion, a P/E ratio of 7.23, a P/E/G ratio of 0.47 and a beta of 0.99. The stock has a 50 day moving average price of $61.89 and a 200-day moving average price of $63.10.

KB Financial Group Company Profile

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.