KB Financial Group Inc $KB Shares Sold by Capital Group Private Client Services Inc.

Key Points

• Capital Group Private Client Services cut its stake in KB Financial Group by 88.5% in Q3, selling 72,350 shares and retaining 9,371 shares valued at $777,000.
• Other institutional investors (including Lazard, Bank of America, American Century and Todd Asset Management) increased their holdings, and institutions now own about 11.52% of KB's stock.
• KB shares trade near $102.43 with a market cap of $38.19 billion, a P/E of 9.66 and last-quarter EPS of $1.43, and analysts maintain a consensus rating of Moderate Buy.

Capital Group Private Client Services Inc. lessened its stake in KB Financial Group Inc (NYSE:KB - Free Report) by 88.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,371 shares of the bank's stock after selling 72,350 shares during the quarter. Capital Group Private Client Services Inc.'s holdings in KB Financial Group were worth $777,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC grew its position in KB Financial Group by 1.7% during the second quarter. Lazard Asset Management LLC now owns 1,554,154 shares of the bank's stock worth $128,357,000 after buying an additional 26,423 shares during the period. Bank of America Corp DE lifted its position in shares of KB Financial Group by 9.1% during the 2nd quarter. Bank of America Corp DE now owns 845,567 shares of the bank's stock valued at $69,835,000 after acquiring an additional 70,865 shares during the period. American Century Companies Inc. boosted its stake in shares of KB Financial Group by 11.4% during the 3rd quarter. American Century Companies Inc. now owns 836,990 shares of the bank's stock worth $69,395,000 after acquiring an additional 85,822 shares in the last quarter. Todd Asset Management LLC grew its holdings in shares of 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 acquiring an additional 31,230 shares during the period. Finally, Orbis Allan Gray Ltd grew its holdings in shares of KB Financial Group by 0.9% in the 2nd quarter. Orbis Allan Gray Ltd now owns 370,306 shares of the bank's stock worth $30,584,000 after acquiring an additional 3,344 shares during the period. Institutional investors and hedge funds own 11.52% of the company's stock.

Wall Street Analyst Weigh In

KB has been the subject of several research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of KB Financial Group in a report on Monday, December 29th. Zacks Research raised 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 given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

KB Financial Group Trading Down 0.1%

Shares of KB Financial Group stock opened at $102.43 on Wednesday. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.64 and a quick ratio of 1.65. KB Financial Group Inc has a 1 year low of $46.38 and a 1 year high of $119.71. The company has a market capitalization of $38.19 billion, a P/E ratio of 9.66, a P/E/G ratio of 0.63 and a beta of 1.07. The business has a 50 day moving average price of $99.70 and a 200 day moving average price of $89.16.

KB Financial Group (NYSE:KB - Get Free Report) last announced its earnings results on Saturday, January 31st. The bank reported $1.43 EPS for the quarter. KB Financial Group had a return on equity of 9.73% and a net margin of 16.15%. Sell-side analysts anticipate that KB Financial Group Inc will post 8.87 EPS for the current fiscal 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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