Altrinsic Global Advisors LLC Reduces Position in KB Financial Group Inc. (NYSE:KB)

Altrinsic Global Advisors LLC lessened its holdings in KB Financial Group Inc. (NYSE:KB - Free Report) by 27.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 56,904 shares of the bank's stock after selling 21,635 shares during the period. Altrinsic Global Advisors LLC's holdings in KB Financial Group were worth $3,238,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sanctuary Advisors LLC grew its position in KB Financial Group by 11.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,243 shares of the bank's stock worth $633,000 after purchasing an additional 1,085 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in KB Financial Group in the 3rd quarter worth $35,000. Aprio Wealth Management LLC increased its stake in KB Financial Group by 14.6% during the 4th quarter. Aprio Wealth Management LLC now owns 9,171 shares of the bank's stock worth $522,000 after buying an additional 1,171 shares in the last quarter. Gilman Hill Asset Management LLC grew its position in shares of KB Financial Group by 1.5% in the fourth quarter. Gilman Hill Asset Management LLC now owns 67,138 shares of the bank's stock valued at $3,820,000 after purchasing an additional 961 shares in the last quarter. Finally, Ballentine Partners LLC grew its stake in shares of KB Financial Group by 3.0% in the 4th quarter. Ballentine Partners LLC now owns 23,312 shares of the bank's stock valued at $1,326,000 after buying an additional 685 shares during the period. 11.52% of the stock is currently owned by institutional investors.

KB Financial Group Stock Up 0.0 %

KB stock traded up $0.01 during trading on Monday, hitting $60.53. 33,351 shares of the company's stock were exchanged, compared to its average volume of 190,382. The business has a 50-day moving average price of $54.79 and a two-hundred day moving average price of $60.08. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. The stock has a market capitalization of $23.82 billion, a price-to-earnings ratio of 7.06, a PEG ratio of 0.52 and a beta of 0.92. KB Financial Group Inc. has a 52-week low of $46.38 and a 52-week high of $72.89.

KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The bank reported $3.02 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.02). KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The business had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $4.45 billion. As a group, equities research analysts expect that KB Financial Group Inc. will post 8.87 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of KB Financial Group from a "hold" rating to a "buy" rating in a research note on Friday, April 18th.

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.