Acadian Asset Management LLC Has $6.69 Million Stock Holdings in KB Financial Group Inc $KB

Key Points

• Acadian Asset Management LLC has reduced its stake in KB Financial Group by 40.6%, now holding 123,710 shares worth approximately $6.69 million after selling 84,728 shares.
• KB Financial Group reported earnings of $3.16 per share for the last quarter, exceeding analysts' expectations, along with a revenue of $3.32 billion.
• The company announced a quarterly dividend of $0.657 per share, representing an annualized yield of 3.1% and a payout ratio of 20.37%.

Acadian Asset Management LLC reduced its stake in shares of KB Financial Group Inc (NYSE:KB - Free Report) by 40.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,710 shares of the bank's stock after selling 84,728 shares during the period. Acadian Asset Management LLC's holdings in KB Financial Group were worth $6,691,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC raised its holdings in KB Financial Group by 141.8% during the first quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank's stock valued at $50,000 after buying an additional 543 shares in the last quarter. Cresset Asset Management LLC bought a new position in KB Financial Group during the first quarter valued at about $207,000. Cetera Investment Advisers raised its holdings in KB Financial Group by 7.4% during the fourth quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock valued at $214,000 after buying an additional 258 shares in the last quarter. Perigon Wealth Management LLC bought a new position in KB Financial Group during the first quarter valued at about $214,000. Finally, Freedom Investment Management Inc. bought a new position in KB Financial Group during the first quarter valued at about $221,000. 11.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

KB Financial Group Stock Performance

Shares of KB Financial Group stock traded down $1.05 during trading on Thursday, reaching $84.52. The company's stock had a trading volume of 39,566 shares, compared to its average volume of 190,047. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.67 and a current ratio of 1.67. The business's fifty day moving average price is $81.51 and its 200-day moving average price is $71.14. The firm has a market cap of $32.24 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 0.65 and a beta of 1.07. 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 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. KB Financial Group had a return on equity of 9.79% and a net margin of 16.16%.The business had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.20 billion. As a group, equities research analysts predict that KB Financial Group Inc will post 8.87 earnings per share for the current year.

KB Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were given a dividend of $0.657 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.63 dividend on an annualized basis and a yield of 3.1%. KB Financial Group's dividend payout ratio (DPR) is 20.37%.

About KB Financial Group

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.