KB Financial Group Inc. (NYSE:KB) Position Cut by Quadrant Capital Group LLC

Quadrant Capital Group LLC decreased its position in shares of KB Financial Group Inc. (NYSE:KB) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,063 shares of the bank’s stock after selling 367 shares during the quarter. Quadrant Capital Group LLC’s holdings in KB Financial Group were worth $1,597,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in KB Financial Group during the 3rd quarter valued at about $35,000. Hudson Edge Investment Partners Inc. boosted its position in shares of KB Financial Group by 5.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock worth $198,000 after buying an additional 168 shares during the period. Commonwealth Equity Services LLC acquired a new position in shares of KB Financial Group during the fourth quarter worth approximately $222,000. Optas LLC bought a new position in KB Financial Group in the 4th quarter worth approximately $261,000. Finally, Banque Pictet & Cie SA bought a new stake in KB Financial Group during the 4th quarter valued at $283,000. Institutional investors own 11.52% of the company’s stock.

Wall Street Analyst Weigh In

KB has been the subject of several recent analyst reports. 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 Wednesday, April 2nd.

KB Financial Group Stock Performance

KB opened at $51.57 on Monday. The business has a 50 day moving average price of $56.56 and a two-hundred day moving average price of $61.07. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market capitalization of $20.29 billion, a price-to-earnings ratio of 6.01, a price-to-earnings-growth ratio of 0.52 and a beta of 0.92. KB Financial Group Inc. has a 1-year low of $45.59 and a 1-year high of $72.89.

KB Financial Group (NYSE:KB) last released its earnings results on Wednesday, March 5th. The bank reported $1.21 EPS for the quarter. The business had revenue of $2.94 billion for the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. Research analysts predict that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.

KB Financial Group 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.