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

A number of other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in KB Financial Group by 46.2% in the 4th quarter. JPMorgan Chase & Co. now owns 18,293 shares of the bank's stock valued at $1,041,000 after buying an additional 5,783 shares during the period. NewEdge Advisors LLC grew its position in KB Financial Group by 26.1% in the fourth quarter. NewEdge Advisors LLC now owns 12,787 shares of the bank's stock worth $728,000 after acquiring an additional 2,650 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of KB Financial Group during the 4th quarter worth $1,466,000. Tower Research Capital LLC TRC raised its holdings in shares of KB Financial Group by 659.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock valued at $137,000 after purchasing an additional 2,097 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of KB Financial Group by 310.0% in the 4th 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 during the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

KB Financial Group Stock Performance

NYSE KB traded down $0.68 during midday trading on Friday, hitting $78.63. The company had a trading volume of 92,735 shares, compared to its average volume of 158,374. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.36. The stock has a market cap of $30.00 billion, a price-to-earnings ratio of 7.55, a P/E/G ratio of 0.60 and a beta of 1.06. The firm has a fifty day simple moving average of $81.95 and a two-hundred day simple moving average of $68.99. KB Financial Group Inc has a fifty-two week low of $46.38 and a fifty-two week high of $92.39.

KB Financial Group (NYSE:KB - Get Free Report) last released its earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.01. KB Financial Group had a net margin of 16.16% and a return on equity of 9.79%. The business had revenue of $3.32 billion during the quarter, compared to analysts' expectations of $3.20 billion. Equities analysts forecast that KB Financial Group Inc will post 8.87 earnings per share for the current fiscal year.

KB Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were issued a dividend of $0.657 per share. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, August 8th. KB Financial Group's dividend payout ratio (DPR) is presently 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.