Public Employees Retirement System of Ohio Lowers Stock Position in KB Financial Group Inc $KB

Key Points

• Public Employees Retirement System of Ohio reduced its stock position in KB Financial Group Inc by 5.0%, now holding 115,825 shares valued at approximately $9.57 million.
• Wall Street analysts have downgraded KB Financial Group from a "buy" to a "hold" rating, despite one remaining buy rating; the stock currently has an average rating of "buy."
• KB Financial Group has a recent quarterly earnings report showing an EPS of $3.16, surpassing estimates, with an annual dividend yield of 3.3%.

Public Employees Retirement System of Ohio trimmed its holdings in shares of KB Financial Group Inc (NYSE:KB - Free Report) by 5.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,825 shares of the bank's stock after selling 6,076 shares during the quarter. Public Employees Retirement System of Ohio's holdings in KB Financial Group were worth $9,566,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Ballentine Partners LLC boosted its position in KB Financial Group by 16.0% during the 2nd quarter. Ballentine Partners LLC now owns 24,447 shares of the bank's stock valued at $2,019,000 after acquiring an additional 3,375 shares in the last quarter. Foster Group Inc. acquired a new position in shares of KB Financial Group in the second quarter valued at about $293,000. GAMMA Investing LLC raised its position in KB Financial Group by 105.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,836 shares of the bank's stock worth $152,000 after buying an additional 943 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of KB Financial Group by 215.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,134 shares of the bank's stock valued at $176,000 after buying an additional 1,457 shares during the period. Finally, Aaron Wealth Advisors LLC lifted its holdings in KB Financial Group by 10.0% in the second quarter. Aaron Wealth Advisors LLC now owns 5,676 shares of the bank's stock valued at $469,000 after acquiring an additional 515 shares during the period. Institutional investors own 11.52% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut KB Financial Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy".

KB Financial Group Trading Down 0.4%

Shares of KB Financial Group stock opened at $80.80 on Friday. The firm has a market capitalization of $30.82 billion, a PE ratio of 7.76, a P/E/G ratio of 0.62 and a beta of 1.07. KB Financial Group Inc has a twelve month low of $46.38 and a twelve month high of $92.39. The firm's 50-day moving average price is $81.31 and its 200 day moving average price is $72.66. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.36.

KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The bank reported $3.16 EPS for the quarter, topping the consensus estimate of $3.15 by $0.01. The company had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.20 billion. KB Financial Group had a return on equity of 9.79% and a net margin of 16.16%. On average, sell-side analysts predict that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

KB Financial Group Dividend Announcement

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

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.

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