Royal Bank of Canada Has $14.78 Million Stock Position in KB Financial Group Inc $KB

Key Points

• The Royal Bank of Canada reduced its stake in KB Financial Group by 1.2%, owning approximately 273,100 shares worth about $14.78 million as of its latest SEC filing.
• KB Financial Group recently reported an earnings per share (EPS) of $3.16 for the quarter, surpassing analysts' expectations of $3.15.
• The company announced a quarterly dividend of $0.657 per share, reflecting a yield of 3.1% and a payout ratio of 20.37%.

Royal Bank of Canada reduced its stake in shares of KB Financial Group Inc (NYSE:KB - Free Report) by 1.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 273,100 shares of the bank's stock after selling 3,445 shares during the period. Royal Bank of Canada owned approximately 0.07% of KB Financial Group worth $14,779,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Cetera Investment Advisers raised its holdings in KB Financial Group by 7.4% during the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock worth $214,000 after buying an additional 258 shares during the period. PDS Planning Inc raised its holdings in shares of KB Financial Group by 3.5% in the first quarter. PDS Planning Inc now owns 8,024 shares of the bank's stock valued at $434,000 after purchasing an additional 271 shares during the last quarter. US Bancorp DE raised its holdings in shares of KB Financial Group by 1.3% in the first quarter. US Bancorp DE now owns 20,442 shares of the bank's stock valued at $1,106,000 after purchasing an additional 272 shares during the last quarter. Aaron Wealth Advisors LLC raised its holdings in shares of KB Financial Group by 6.7% in the first quarter. Aaron Wealth Advisors LLC now owns 5,161 shares of the bank's stock valued at $279,000 after purchasing an additional 325 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in KB Financial Group by 2.1% during the first quarter. Invesco Ltd. now owns 25,116 shares of the bank's stock worth $1,359,000 after buying an additional 520 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

KB Financial Group Stock Up 6.6%

KB stock opened at $84.67 on Thursday. The firm has a 50-day moving average price of $81.54 and a 200-day moving average price of $70.15. The stock has a market capitalization of $32.30 billion, a P/E ratio of 8.13, a price-to-earnings-growth ratio of 0.61 and a beta of 1.07. KB Financial Group Inc has a 12 month low of $46.38 and a 12 month high of $92.39. 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 issued its quarterly earnings data on Thursday, August 14th. The bank reported $3.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.15 by $0.01. The business had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.20 billion. KB Financial Group had a net margin of 16.16% and a return on equity of 9.79%. As a group, equities research analysts anticipate that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

KB Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were given a dividend of $0.657 per share. This represents a $2.63 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, August 8th. KB Financial Group's dividend payout ratio is currently 20.37%.

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.

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