Voloridge Investment Management LLC Sells 12,086 Shares of KB Financial Group Inc. (NYSE:KB)

Voloridge Investment Management LLC lowered its position in KB Financial Group Inc. (NYSE:KB - Free Report) by 11.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,831 shares of the bank's stock after selling 12,086 shares during the quarter. Voloridge Investment Management LLC's holdings in KB Financial Group were worth $5,567,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in shares of KB Financial Group by 659.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock worth $137,000 after buying an additional 2,097 shares in the last quarter. Hudson Edge Investment Partners Inc. raised its holdings in shares of KB Financial Group by 5.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock worth $198,000 after buying an additional 168 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of KB Financial Group by 7.4% in the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock worth $214,000 after buying an additional 258 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of KB Financial Group in the 4th quarter worth approximately $222,000. Finally, Triumph Capital Management acquired a new position in shares of KB Financial Group in the 4th quarter worth approximately $228,000. Institutional investors own 11.52% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised KB Financial Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st.

KB Financial Group Price Performance

KB stock traded down $0.48 during midday trading on Wednesday, reaching $73.10. 183,260 shares of the company's stock traded hands, compared to its average volume of 191,153. The company has a 50-day simple moving average of $59.97 and a two-hundred day simple moving average of $60.03. KB Financial Group Inc. has a 1-year low of $46.38 and a 1-year high of $74.71. The company has a market cap of $28.77 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 0.52 and a beta of 0.98. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29.

KB Financial Group (NYSE:KB - Get Free Report) last released its earnings results on Thursday, April 24th. The bank reported $3.02 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.02). The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $4.45 billion. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. On average, analysts anticipate that KB Financial Group Inc. will post 8.87 earnings per share for the current year.

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.