Orbis Allan Gray Ltd Decreases Position in KB Financial Group Inc $KB

Key Points

• Orbis Allan Gray Ltd reduced its stake in KB Financial Group by 11% during the first quarter, selling 45,170 shares and owning approximately 0.09% of the company valued at $19.86 million.
• Multiple institutional investors have adjusted their positions in KB Financial Group, with Wealth Enhancement Advisory Services LLC increasing its stake by 8.8% and Victory Capital Management Inc. increasing by 27.3% in the same period.
• KB Financial Group recently posted quarterly earnings of $3.16 per share, surpassing estimates, and declared a quarterly dividend of $0.657, representing an annual yield of 3.3%.

Orbis Allan Gray Ltd lessened its position in KB Financial Group Inc (NYSE:KB - Free Report) by 11.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 366,962 shares of the bank's stock after selling 45,170 shares during the period. Orbis Allan Gray Ltd owned 0.09% of KB Financial Group worth $19,856,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in KB Financial Group by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,494,535 shares of the bank's stock worth $134,946,000 after acquiring an additional 7,386 shares during the last quarter. Northern Trust Corp lifted its position in shares of KB Financial Group by 4.9% in the 1st quarter. Northern Trust Corp now owns 957,093 shares of the bank's stock worth $51,788,000 after purchasing an additional 44,564 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of KB Financial Group by 3.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 844,377 shares of the bank's stock worth $45,689,000 after purchasing an additional 28,484 shares during the period. American Century Companies Inc. lifted its position in shares of KB Financial Group by 3.5% in the 1st quarter. American Century Companies Inc. now owns 634,875 shares of the bank's stock worth $34,353,000 after purchasing an additional 21,672 shares during the period. Finally, Trinity Street Asset Management LLP lifted its position in shares of KB Financial Group by 35.6% in the 1st quarter. Trinity Street Asset Management LLP now owns 330,384 shares of the bank's stock worth $17,877,000 after purchasing an additional 86,737 shares during the period. Institutional investors own 11.52% of the company's stock.

KB Financial Group Stock Up 1.6%

NYSE KB traded up $1.27 during trading hours on Wednesday, reaching $79.52. 88,557 shares of the company's stock traded hands, compared to its average volume of 194,014. KB Financial Group Inc has a 52-week low of $46.38 and a 52-week high of $92.39. The firm has a market cap of $30.33 billion, a PE ratio of 7.64, a PEG ratio of 0.60 and a beta of 1.07. The firm has a 50-day simple moving average of $81.86 and a 200 day simple moving average of $69.30. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.67 and a quick ratio of 1.67.

KB Financial Group (NYSE:KB - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.15 by $0.01. KB Financial Group had a net margin of 16.16% and a return on equity of 9.79%. The company had revenue of $3.32 billion during the quarter, compared to analysts' expectations of $3.20 billion. Sell-side analysts anticipate that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

KB Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were issued a $0.657 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.63 annualized dividend and a yield of 3.3%. KB Financial Group's payout ratio is 20.37%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of KB Financial Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, KB Financial Group currently has a consensus rating of "Buy".

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.