Ritholtz Wealth Management Sells 7,307 Shares of KB Financial Group Inc. (NYSE:KB)

Ritholtz Wealth Management trimmed its stake in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 12.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,092 shares of the bank's stock after selling 7,307 shares during the quarter. Ritholtz Wealth Management's holdings in KB Financial Group were worth $2,819,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Deutsche Bank AG bought a new stake in KB Financial Group in the fourth quarter valued at about $1,149,000. D. E. Shaw & Co. Inc. boosted its holdings in shares of KB Financial Group by 40.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 18,949 shares of the bank's stock valued at $1,078,000 after buying an additional 5,427 shares during the period. Vise Technologies Inc. raised its stake in KB Financial Group by 253.1% during the fourth quarter. Vise Technologies Inc. now owns 21,208 shares of the bank's stock worth $1,207,000 after acquiring an additional 15,202 shares during the period. Raymond James Financial Inc. bought a new position in KB Financial Group in the fourth quarter worth about $7,301,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in KB Financial Group in the first quarter valued at approximately $447,000. 11.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

KB Financial Group Price Performance

Shares of NYSE:KB traded up $1.72 during trading on Monday, reaching $80.11. The company had a trading volume of 187,022 shares, compared to its average volume of 181,344. KB Financial Group Inc. has a twelve month low of $46.38 and a twelve month high of $81.63. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The firm's fifty day moving average is $66.08 and its 200 day moving average is $60.87. The firm has a market capitalization of $31.53 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 0.52 and a beta of 1.05.

KB Financial Group (NYSE:KB - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $3.27 billion for the quarter, compared to analysts' expectations of $4.45 billion. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. On average, equities analysts forecast that KB Financial Group Inc. will post 8.87 EPS for the current year.

About KB Financial Group

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.