KB Financial Group Inc. (NYSE:KB) Shares Sold by Ariel Investments LLC

Ariel Investments LLC decreased its position in KB Financial Group Inc. (NYSE:KB - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 261,616 shares of the bank's stock after selling 38,850 shares during the quarter. Ariel Investments LLC owned approximately 0.07% of KB Financial Group worth $14,886,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Northern Trust Corp raised its stake in KB Financial Group by 310.0% during the fourth quarter. Northern Trust Corp now owns 912,529 shares of the bank's stock valued at $51,923,000 after purchasing an additional 689,979 shares in the last quarter. Raymond James Financial Inc. bought a new position in KB Financial Group during the 4th quarter worth about $7,301,000. Mirabella Financial Services LLP purchased a new stake in shares of KB Financial Group during the fourth quarter valued at about $5,000,000. Marshall Wace LLP grew its holdings in KB Financial Group by 19.5% in the fourth quarter. Marshall Wace LLP now owns 256,689 shares of the bank's stock worth $14,606,000 after purchasing an additional 41,818 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in KB Financial Group by 4.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank's stock valued at $46,424,000 after buying an additional 36,394 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors.

KB Financial Group Price Performance

KB traded up $0.42 on Thursday, reaching $66.51. 111,257 shares of the company's stock were exchanged, compared to its average volume of 191,520. 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 stock's fifty day moving average price is $55.95 and its 200-day moving average price is $59.94. The stock has a market cap of $26.17 billion, a PE ratio of 7.75, a P/E/G ratio of 0.52 and a beta of 0.98. KB Financial Group Inc. has a twelve month low of $46.38 and a twelve month 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.04 by ($0.02). The company had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $4.45 billion. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. Sell-side analysts expect that KB Financial Group Inc. will post 8.87 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of KB Financial Group from a "buy" rating to a "hold" rating in a report on Monday, April 28th.

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.