KB Financial Group Inc. (NYSE:KB) Shares Sold by Royal Bank of Canada

Royal Bank of Canada reduced its stake in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 276,545 shares of the bank's stock after selling 7,564 shares during the quarter. Royal Bank of Canada owned about 0.07% of KB Financial Group worth $15,735,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Northern Trust Corp grew its position in 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 acquiring an additional 689,979 shares during the last quarter. Raymond James Financial Inc. bought a new position in KB Financial Group in the 4th quarter worth about $7,301,000. Mirabella Financial Services LLP bought a new position in KB Financial Group in the 4th quarter worth about $5,000,000. Marshall Wace LLP grew its stake in KB Financial Group by 19.5% in the 4th quarter. Marshall Wace LLP now owns 256,689 shares of the bank's stock worth $14,606,000 after acquiring an additional 41,818 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in KB Financial Group by 4.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank's stock worth $46,424,000 after purchasing an additional 36,394 shares in the last quarter. 11.52% of the stock is owned by institutional investors.

KB Financial Group Stock Up 0.9%

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

KB Financial Group (NYSE:KB - Get Free Report) last announced its earnings results on Thursday, April 24th. The bank reported $3.02 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $4.45 billion. As a group, research analysts expect that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.

Analysts Set New Price Targets

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

KB Financial Group 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.