Ramirez Asset Management Inc. Cuts Stock Position in KB Financial Group Inc $KB

Key Points

• Ramirez Asset Management reduced its stake in KB Financial Group by 27.6% in Q3, selling 84,126 shares and retaining 220,172 shares worth about $18.25 million, leaving KB as its second-largest holding.
• Analyst coverage is mixed-to-positive — Weiss reissued a Buy, Zacks upgraded KB to a Hold, and the MarketBeat consensus is a "Moderate Buy"; KB trades at a PE of 9.4, reported EPS of $1.43 last quarter, and analysts forecast roughly 8.87 EPS for the year.

Ramirez Asset Management Inc. decreased its position in shares of KB Financial Group Inc (NYSE:KB - Free Report) by 27.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 220,172 shares of the bank's stock after selling 84,126 shares during the period. KB Financial Group comprises about 2.5% of Ramirez Asset Management Inc.'s holdings, making the stock its 2nd largest holding. Ramirez Asset Management Inc. owned about 0.06% of KB Financial Group worth $18,254,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KB. Signaturefd LLC boosted its position in shares of KB Financial Group by 0.5% during the third quarter. Signaturefd LLC now owns 25,927 shares of the bank's stock valued at $2,150,000 after purchasing an additional 133 shares in the last quarter. Ascent Group LLC raised its holdings in KB Financial Group by 4.3% in the third quarter. Ascent Group LLC now owns 3,401 shares of the bank's stock worth $282,000 after purchasing an additional 140 shares in the last quarter. Huntington National Bank lifted its position in KB Financial Group by 16.4% during the third quarter. Huntington National Bank now owns 1,138 shares of the bank's stock valued at $94,000 after buying an additional 160 shares during the period. Focus Partners Advisor Solutions LLC boosted its holdings in shares of KB Financial Group by 6.1% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 3,077 shares of the bank's stock valued at $258,000 after buying an additional 178 shares in the last quarter. Finally, Aprio Wealth Management LLC boosted its holdings in shares of KB Financial Group by 1.8% during the 3rd quarter. Aprio Wealth Management LLC now owns 10,032 shares of the bank's stock valued at $832,000 after buying an additional 181 shares in the last quarter. Institutional investors own 11.52% of the company's stock.

Analyst Ratings Changes

KB has been the subject of a number of recent research reports. Weiss Ratings reissued a "buy (b)" rating on shares of KB Financial Group in a research report on Monday, December 29th. Zacks Research raised shares of KB Financial Group from a "strong sell" rating to a "hold" rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy".

KB Financial Group Price Performance

KB opened at $99.81 on Friday. The firm has a market cap of $37.21 billion, a PE ratio of 9.42, a P/E/G ratio of 0.63 and a beta of 1.08. The stock has a 50-day moving average price of $99.08 and a 200-day moving average price of $88.68. KB Financial Group Inc has a 1 year low of $46.38 and a 1 year high of $119.71. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.65 and a quick ratio of 1.65.

KB Financial Group (NYSE:KB - Get Free Report) last announced its quarterly earnings data on Saturday, January 31st. The bank reported $1.43 EPS for the quarter. KB Financial Group had a net margin of 16.96% and a return on equity of 9.79%. Sell-side analysts predict that KB Financial Group Inc will post 8.87 earnings per share for the current fiscal year.

About KB Financial Group

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company's principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.

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