Rhumbline Advisers Reduces Stock Position in KB Financial Group Inc (NYSE:KB)

Rhumbline Advisers cut its stake in KB Financial Group Inc (NYSE:KB - Free Report) by 10.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,131 shares of the bank's stock after selling 5,142 shares during the period. Rhumbline Advisers' holdings in KB Financial Group were worth $2,442,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Northern Trust Corp boosted its stake in shares of KB Financial Group by 310.0% in the fourth quarter. Northern Trust Corp now owns 912,529 shares of the bank's stock worth $51,923,000 after buying an additional 689,979 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in KB Financial Group by 4.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank's stock worth $46,424,000 after purchasing an additional 36,394 shares in the last quarter. American Century Companies Inc. grew its stake in shares of KB Financial Group by 4.9% during the 4th quarter. American Century Companies Inc. now owns 613,203 shares of the bank's stock worth $34,891,000 after purchasing an additional 28,627 shares during the period. Capital International Investors increased its holdings in shares of KB Financial Group by 7.2% during the 4th quarter. Capital International Investors now owns 512,752 shares of the bank's stock valued at $29,194,000 after purchasing an additional 34,585 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of KB Financial Group by 4.9% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 447,400 shares of the bank's stock valued at $25,457,000 after purchasing an additional 20,970 shares during the period. Hedge funds and other institutional investors own 11.52% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of KB Financial Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st.

KB Financial Group Price Performance

KB stock traded down $0.33 during mid-day trading on Friday, reaching $78.58. 162,034 shares of the company's stock were exchanged, compared to its average volume of 196,585. 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 12-month low of $46.38 and a 12-month high of $81.63. The stock's 50 day moving average is $68.37 and its 200 day moving average is $61.26. The company has a market cap of $29.98 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 0.60 and a beta of 1.05.

KB Financial Group (NYSE:KB - Get Free Report) last announced its earnings results on Thursday, April 24th. The bank reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.02). KB Financial Group had a return on equity of 9.76% and a net margin of 16.03%. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $4.45 billion. On average, research analysts expect 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.