Two Sigma Advisers LP Cuts Position in KB Financial Group Inc. (NYSE:KB)

Two Sigma Advisers LP decreased its holdings in KB Financial Group Inc. (NYSE:KB - Free Report) by 17.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,100 shares of the bank's stock after selling 6,600 shares during the period. Two Sigma Advisers LP's holdings in KB Financial Group were worth $1,826,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of KB Financial Group by 659.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock worth $137,000 after acquiring an additional 2,097 shares during the period. Hudson Edge Investment Partners Inc. boosted its stake in KB Financial Group by 5.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock valued at $198,000 after buying an additional 168 shares during the last quarter. Cetera Investment Advisers boosted its stake 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 during the last quarter. Commonwealth Equity Services LLC bought a new position in KB Financial Group during the fourth quarter valued at approximately $222,000. Finally, Triumph Capital Management bought a new stake in shares of KB Financial Group in the 4th quarter valued at 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 research note on Wednesday, May 21st.

KB Financial Group Trading Up 0.1%

Shares of KB stock traded up $0.08 on Tuesday, reaching $73.32. 134,593 shares of the company's stock were exchanged, compared to its average volume of 192,939. The company's fifty day simple moving average is $61.75 and its 200 day simple moving average is $60.33. The stock has a market capitalization of $28.85 billion, a PE ratio of 8.55, a P/E/G ratio of 0.52 and a beta of 0.98. KB Financial Group Inc. has a 52 week low of $46.38 and a 52 week high of $75.14. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29.

KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $4.45 billion. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. As a group, analysts forecast that KB Financial Group Inc. will post 8.87 EPS 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.