B. Metzler seel. Sohn & Co. AG Sells 70,415 Shares of KB Financial Group Inc $KB

Key Points

• B. Metzler seel. Sohn & Co. AG cut its stake in KB Financial Group by 91% in Q4, selling 70,415 shares and leaving 6,997 shares worth $602,000.
• Analyst sentiment is mixed: Wall Street Zen downgraded KB to a hold, Weiss Ratings kept a buy, Zacks upgraded to hold, and the consensus rating is a "Moderate Buy."
• KB reported quarterly EPS $3.40 on revenue of $3.28 billion; the stock has a market cap of about $39.8 billion, a P/E of 9.59, and a 12‑month range of $60.05–$119.71.

B. Metzler seel. Sohn & Co. AG reduced its stake in KB Financial Group Inc (NYSE:KB - Free Report) by 91.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,997 shares of the bank's stock after selling 70,415 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in KB Financial Group were worth $602,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors lifted its holdings in KB Financial Group by 12.7% in the 3rd quarter. Capital International Investors now owns 757,168 shares of the bank's stock worth $62,735,000 after purchasing an additional 85,231 shares during the last quarter. Caprock Group LLC acquired a new stake in KB Financial Group in the 3rd quarter worth approximately $1,396,000. Advisors Preferred LLC acquired a new stake in KB Financial Group in the 3rd quarter worth approximately $391,000. Todd Asset Management LLC lifted its holdings in KB Financial Group by 5.9% in the 3rd quarter. Todd Asset Management LLC now owns 560,017 shares of the bank's stock worth $46,432,000 after purchasing an additional 31,230 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in KB Financial Group by 30.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 19,305 shares of the bank's stock worth $1,601,000 after purchasing an additional 4,509 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KB has been the subject of several analyst reports. Wall Street Zen lowered KB Financial Group from a "buy" rating to a "hold" rating in a report on Saturday, April 4th. Weiss Ratings restated a "buy (b)" rating on shares of KB Financial Group in a report on Friday, March 27th. Finally, Zacks Research upgraded KB Financial Group from a "strong sell" rating to a "hold" rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy".

KB Financial Group Stock Performance

Shares of NYSE KB opened at $106.82 on Tuesday. The company has a quick ratio of 1.65, a current ratio of 1.64 and a debt-to-equity ratio of 2.48. The business's 50 day moving average is $105.80 and its two-hundred day moving average is $94.46. The company has a market cap of $39.83 billion, a P/E ratio of 9.59, a P/E/G ratio of 0.66 and a beta of 1.04. KB Financial Group Inc has a 12 month low of $60.05 and a 12 month high of $119.71.

KB Financial Group (NYSE:KB - Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The bank reported $3.40 EPS for the quarter. The company had revenue of $3.28 billion for the quarter. KB Financial Group had a return on equity of 9.96% and a net margin of 17.36%. On average, equities analysts expect that KB Financial Group Inc will post 11.72 EPS for the current year.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company's principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.

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