Royal Bank of Canada Has $14.78 Million 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 lessened its stake in KB Financial Group Inc (NYSE:KB - Free Report) by 1.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 273,100 shares of the bank's stock after selling 3,445 shares during the quarter. Royal Bank of Canada owned about 0.07% of KB Financial Group worth $14,779,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KB. Vident Advisory LLC increased its holdings in KB Financial Group by 3.5% in the 1st quarter. Vident Advisory LLC now owns 63,170 shares of the bank's stock valued at $3,418,000 after buying an additional 2,157 shares during the period. Itau Unibanco Holding S.A. bought a new position in KB Financial Group in the first quarter valued at approximately $831,000. B. Metzler seel. Sohn & Co. AG increased its stake in KB Financial Group by 57.5% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 86,391 shares of the bank's stock valued at $4,675,000 after acquiring an additional 31,554 shares during the last quarter. Freedom Investment Management Inc. acquired a new position in KB Financial Group during the first quarter valued at approximately $221,000. Finally, Groupama Asset Managment lifted its stake in KB Financial Group by 4.8% during the first quarter. Groupama Asset Managment now owns 19,118 shares of the bank's stock worth $1,020,000 after purchasing an additional 882 shares during the last quarter. Institutional investors own 11.52% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered KB Financial Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy".

KB Financial Group Price Performance

KB stock traded down $1.27 during midday trading on Tuesday, reaching $84.77. 117,592 shares of the stock were exchanged, compared to its average volume of 120,479. KB Financial Group Inc has a 52 week low of $46.38 and a 52 week high of $92.39. The company has a fifty day moving average price of $81.49 and a 200 day moving average price of $71.04. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a market capitalization of $32.34 billion, a PE ratio of 8.14, a P/E/G ratio of 0.66 and a beta of 1.07.

KB Financial Group (NYSE:KB - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The bank reported $3.16 EPS for the quarter, beating analysts' consensus estimates of $3.15 by $0.01. The firm had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.20 billion. KB Financial Group had a return on equity of 9.79% and a net margin of 16.16%. As a group, analysts expect that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

KB Financial Group Announces Dividend

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

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.