Ariel Investments LLC Sells 157,242 Shares of KB Financial Group Inc $KB

Key Points

• Ariel Investments LLC has reduced its holdings in KB Financial Group Inc by 60.1%, now owning 104,374 shares worth approximately $5.65 million.
• KB Financial reported earnings of $3.16 per share for the most recent quarter, surpassing analyst expectations, with a revenue of $3.32 billion.
• Recently, KB Financial Group announced a quarterly dividend of $0.657 per share, equating to an annual yield of 3.4%.

Ariel Investments LLC decreased its position in shares of KB Financial Group Inc (NYSE:KB - Free Report) by 60.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 104,374 shares of the bank's stock after selling 157,242 shares during the quarter. Ariel Investments LLC's holdings in KB Financial Group were worth $5,648,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of KB. Wealth Enhancement Advisory Services LLC lifted its stake in shares of KB Financial Group by 8.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,348 shares of the bank's stock valued at $1,426,000 after purchasing an additional 2,135 shares during the period. QRG Capital Management Inc. increased its holdings in KB Financial Group by 9.2% during the 1st quarter. QRG Capital Management Inc. now owns 13,395 shares of the bank's stock worth $725,000 after purchasing an additional 1,126 shares in the last quarter. Perigon Wealth Management LLC bought a new position in shares of KB Financial Group in the 1st quarter valued at about $214,000. Deutsche Bank AG bought a new position in shares of KB Financial Group in the 4th quarter valued at about $1,149,000. Finally, Victory Capital Management Inc. grew its holdings in shares of KB Financial Group by 27.3% in the 1st quarter. Victory Capital Management Inc. now owns 15,620 shares of the bank's stock valued at $845,000 after acquiring an additional 3,345 shares in the last quarter. Institutional investors and hedge funds own 11.52% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut KB Financial Group from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy".

KB Financial Group Stock Down 1.1%

Shares of KB stock traded down $0.84 on Monday, reaching $77.30. 61,372 shares of the company were exchanged, compared to its average volume of 192,440. The company has a market cap of $29.48 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 0.60 and a beta of 1.07. The company has a 50-day moving average of $81.69 and a 200-day moving average of $69.84. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.67 and a quick ratio of 1.67. KB Financial Group Inc has a one year low of $46.38 and a one year high of $92.39.

KB Financial Group (NYSE:KB - Get Free Report) last posted its earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share for the quarter, topping analysts' consensus estimates of $3.15 by $0.01. The company had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.20 billion. KB Financial Group had a net margin of 16.16% and a return on equity of 9.79%. Analysts anticipate that KB Financial Group Inc will post 8.87 earnings per share for the current year.

KB Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were given a dividend of $0.657 per share. The ex-dividend date was Friday, August 8th. This represents a $2.63 annualized dividend and a dividend yield of 3.4%. KB Financial Group's dividend payout ratio (DPR) is 20.37%.

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.