Voloridge Investment Management LLC Cuts Holdings in KB Financial Group Inc. (NYSE:KB)

Voloridge Investment Management LLC cut its stake in KB Financial Group Inc. (NYSE:KB - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp increased its position in KB Financial Group by 310.0% in the fourth quarter. Northern Trust Corp now owns 912,529 shares of the bank's stock worth $51,923,000 after buying an additional 689,979 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in KB Financial Group by 4.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank's stock worth $46,424,000 after buying an additional 36,394 shares during the period. American Century Companies Inc. grew its stake in KB Financial Group by 4.9% in the 4th quarter. American Century Companies Inc. now owns 613,203 shares of the bank's stock valued at $34,891,000 after buying an additional 28,627 shares in the last quarter. Capital International Investors raised its holdings in KB Financial Group by 7.2% during the 4th quarter. Capital International Investors now owns 512,752 shares of the bank's stock valued at $29,194,000 after acquiring an additional 34,585 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of KB Financial Group by 4.9% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 447,400 shares of the bank's stock worth $25,457,000 after acquiring an additional 20,970 shares in the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

KB Financial Group Price Performance

Shares of KB traded up $0.67 during midday trading on Friday, hitting $74.75. 298,936 shares of the company traded hands, compared to its average volume of 192,846. The stock has a 50-day moving average of $61.04 and a 200-day moving average of $60.21. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $29.42 billion, a P/E ratio of 8.71, a PEG ratio of 0.52 and a beta of 0.98. KB Financial Group Inc. has a one year low of $46.38 and a one year high of $75.14.

KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The bank reported $3.02 EPS for the quarter, missing analysts' consensus estimates of $3.04 by ($0.02). KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The firm had revenue of $3.27 billion for the quarter, compared to analysts' expectations of $4.45 billion. As a group, sell-side analysts predict that KB Financial Group Inc. will post 8.87 EPS for the current fiscal 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.