KB Financial Group Inc (NYSE:KB) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC decreased its stake in KB Financial Group by 15.3%, holding 36,088 shares valued at approximately $1,953,000 after selling 6,528 shares in the first quarter.
• JPMorgan Chase & Co. increased its stake in KB Financial Group by 46.2%, acquiring an additional 5,783 shares, bringing its total to 18,293 shares worth around $1,041,000.
• Shares of KB Financial Group were upgraded from a "hold" to a "buy" rating by Wall Street Zen on August 2nd, 2023.

Natixis Advisors LLC decreased its holdings in shares of KB Financial Group Inc (NYSE:KB - Free Report) by 15.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,088 shares of the bank's stock after selling 6,528 shares during the period. Natixis Advisors LLC's holdings in KB Financial Group were worth $1,953,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Seeds Investor LLC boosted its position in KB Financial Group by 2.9% in the 4th quarter. Seeds Investor LLC now owns 6,923 shares of the bank's stock valued at $394,000 after buying an additional 195 shares during the period. Cetera Investment Advisers boosted its position in KB Financial Group by 7.4% in the 4th 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 period. PDS Planning Inc lifted its position in shares of KB Financial Group by 3.5% in the 1st quarter. PDS Planning Inc now owns 8,024 shares of the bank's stock worth $434,000 after purchasing an additional 271 shares during the period. Aaron Wealth Advisors LLC lifted its position in shares of KB Financial Group by 6.7% in the 1st quarter. Aaron Wealth Advisors LLC now owns 5,161 shares of the bank's stock worth $279,000 after purchasing an additional 325 shares during the period. Finally, Bruce G. Allen Investments LLC lifted its position in KB Financial Group by 141.8% during the first quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank's stock valued at $50,000 after acquiring an additional 543 shares during the last quarter. Institutional investors own 11.52% of the company's stock.

KB Financial Group Stock Down 1.3%

Shares of KB stock traded down $1.04 during trading on Monday, reaching $81.05. The company's stock had a trading volume of 98,875 shares, compared to its average volume of 200,548. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.68 and a quick ratio of 1.68. KB Financial Group Inc has a 1-year low of $46.38 and a 1-year high of $92.39. The company has a market capitalization of $30.92 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 0.63 and a beta of 1.06. The stock's 50-day moving average price is $81.51 and its 200 day moving average price is $67.03.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of KB Financial Group from a "buy" rating to a "hold" rating in a research report on Sunday.

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.