Candriam S.C.A. Has $328,000 Holdings in KB Financial Group Inc $KB

Key Points

• Candriam S.C.A. reduced its holdings in KB Financial Group Inc by 43.2%, currently owning 6,063 shares valued at $328,000.
• Other hedge funds, including Bruce G. Allen Investments LLC and Tower Research Capital LLC, increased their positions in KB Financial Group, showing growing institutional interest.
• KB Financial Group's stock has been rated as a "hold" by Wall Street Zen, down from a "buy" rating, indicating a shift in analyst sentiment despite its current favorable average rating.

Candriam S.C.A. reduced its stake in shares of KB Financial Group Inc (NYSE:KB - Free Report) by 43.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,063 shares of the bank's stock after selling 4,616 shares during the quarter. Candriam S.C.A.'s holdings in KB Financial Group were worth $328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of KB Financial Group by 8.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,348 shares of the bank's stock worth $1,426,000 after purchasing an additional 2,135 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of KB Financial Group by 9.2% during the first quarter. QRG Capital Management Inc. now owns 13,395 shares of the bank's stock worth $725,000 after buying an additional 1,126 shares in the last quarter. Perigon Wealth Management LLC acquired a new stake in shares of KB Financial Group during the first quarter worth approximately $214,000. Deutsche Bank AG bought a new position in shares of KB Financial Group in the fourth quarter valued at approximately $1,149,000. Finally, Victory Capital Management Inc. boosted 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 worth $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.

Analysts Set New Price Targets

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, Based on data from MarketBeat, the company presently has an average rating of "Buy".

KB Financial Group Trading Down 1.1%

Shares of KB stock traded down $0.85 on Friday, reaching $78.46. 60,237 shares of the stock were exchanged, compared to its average volume of 195,090. 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. The stock has a market cap of $29.93 billion, a PE ratio of 7.53, a P/E/G ratio of 0.60 and a beta of 1.06. The stock has a 50 day moving average price of $81.95 and a 200 day moving average price of $68.76.

KB Financial Group (NYSE:KB - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The bank reported $3.16 EPS for the quarter, topping analysts' consensus estimates of $3.15 by $0.01. The firm had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.20 billion. KB Financial Group had a return on equity of 9.79% and a net margin of 16.16%. Equities research analysts forecast that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

KB Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 8th will be given a dividend of $0.657 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.63 annualized dividend and a yield of 3.3%. KB Financial Group's payout ratio is 20.37%.

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.