13,032 KB Financial Group Inc $KB Shares Sold by Ethic Inc.

Key Points

• Ethic Inc. cut its KB Financial Group stake by 10.7% in the third quarter, selling 13,032 shares; it held 108,727 shares valued at about $13.4 million afterward.
• KB Financial shares opened at $111.30, while the company’s latest reported quarter beat earnings and revenue estimates, with EPS of $3.67 versus $3.51 expected.
• Analyst sentiment remained positive overall: MarketBeat reported a consensus “Buy” rating, including one Strong Buy and two Buy ratings.

Ethic Inc. lowered its position in shares of KB Financial Group Inc (NYSE:KB - Free Report) by 10.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,727 shares of the bank's stock after selling 13,032 shares during the period. Ethic Inc.'s holdings in KB Financial Group were worth $13,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. 55 North Private Wealth LLC boosted its stake in KB Financial Group by 3.3% in the 3rd quarter. 55 North Private Wealth LLC now owns 2,784 shares of the bank's stock valued at $343,000 after purchasing an additional 88 shares during the period. Eastern Bank grew its holdings in KB Financial Group by 41.5% in the 3rd quarter. Eastern Bank now owns 324 shares of the bank's stock valued at $40,000 after buying an additional 95 shares in the last quarter. First Horizon Corp grew its holdings in KB Financial Group by 36.2% in the 1st quarter. First Horizon Corp now owns 489 shares of the bank's stock valued at $49,000 after buying an additional 130 shares in the last quarter. Aprio Wealth Management LLC grew its holdings in KB Financial Group by 1.6% in the 3rd quarter. Aprio Wealth Management LLC now owns 10,270 shares of the bank's stock valued at $1,264,000 after buying an additional 161 shares in the last quarter. Finally, Assetmark Inc. increased its position in KB Financial Group by 20.0% during the 1st quarter. Assetmark Inc. now owns 1,136 shares of the bank's stock worth $113,000 after buying an additional 189 shares during the period. 11.52% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Stock Up 0.1%

Shares of KB opened at $111.30 on Monday. KB Financial Group Inc has a 12 month low of $81.36 and a 12 month high of $133.29. The firm's 50 day moving average is $122.35 and its 200-day moving average is $111.88. The stock has a market capitalization of $39.48 billion, a PE ratio of 9.55, a P/E/G ratio of 0.64 and a beta of 1.09. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.53.

KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings results on Friday, August 14th. The bank reported $3.67 earnings per share for the quarter, beating analysts' consensus estimates of $3.51 by $0.16. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.45 billion. KB Financial Group had a net margin of 17.67% and a return on equity of 10.11%. Equities research analysts forecast that KB Financial Group Inc will post 13.85 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KB. Weiss Ratings downgraded KB Financial Group from a "buy (b+)" rating to a "buy (b)" rating in a report on Monday, October 26th. Zacks Research raised shares of KB Financial Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

About KB Financial Group

KB Financial Group Inc is a South Korean financial holding company headquartered in Seoul. Established in 2008, it brings together businesses serving individual, corporate and institutional customers, with operations centered primarily in South Korea and an international presence through overseas offices and subsidiaries.

Its businesses include commercial and retail banking through KB Kookmin Bank, as well as securities and investment banking, insurance, credit cards, asset management, and consumer and corporate finance.

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