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

Ritholtz Wealth Management reduced its stake in KB Financial Group Inc (NYSE:KB - Free Report) by 12.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,092 shares of the bank's stock after selling 7,307 shares during the period. Ritholtz Wealth Management's holdings in KB Financial Group were worth $2,819,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in KB. Wealth Enhancement Advisory Services LLC boosted its holdings in KB Financial Group by 8.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,348 shares of the bank's stock valued at $1,426,000 after purchasing an additional 2,135 shares during the period. SG Americas Securities LLC raised its position in shares of KB Financial Group by 152.1% in the first quarter. SG Americas Securities LLC now owns 37,913 shares of the bank's stock worth $2,051,000 after buying an additional 22,876 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in KB Financial Group by 141.8% during the first quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank's stock valued at $50,000 after buying an additional 543 shares during the period. Gilman Hill Asset Management LLC grew its position in KB Financial Group by 3.2% during the first quarter. Gilman Hill Asset Management LLC now owns 69,298 shares of the bank's stock worth $3,750,000 after buying an additional 2,160 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in KB Financial Group in the 1st quarter worth about $447,000. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 $0.69 during mid-day trading on Thursday, reaching $78.82. 231,708 shares of the company were exchanged, compared to its average volume of 196,660. The stock has a market capitalization of $30.07 billion, a PE ratio of 7.65, a PEG ratio of 0.59 and a beta of 1.05. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.40. KB Financial Group Inc has a 52 week low of $46.38 and a 52 week high of $81.63. The company's 50 day moving average price is $67.82 and its 200 day moving average price is $61.19.

KB Financial Group (NYSE:KB - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $3.02 EPS 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 the consensus estimate of $4.45 billion. KB Financial Group had a net margin of 16.03% and a return on equity of 9.76%. Sell-side analysts forecast that KB Financial Group Inc will post 8.87 earnings per share for the current fiscal year.

KB Financial Group 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.