Teachers Retirement System of The State of Kentucky Lowers Stake in KB Financial Group Inc (NYSE:KB)

Teachers Retirement System of The State of Kentucky reduced its position in shares of KB Financial Group Inc (NYSE:KB - Free Report) by 16.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 375,200 shares of the bank's stock after selling 72,200 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.10% of KB Financial Group worth $20,303,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Northern Trust Corp boosted its position in KB Financial Group by 310.0% in the 4th quarter. Northern Trust Corp now owns 912,529 shares of the bank's stock valued at $51,923,000 after buying an additional 689,979 shares during the period. American Century Companies Inc. boosted its position in KB Financial Group by 4.9% in the 4th quarter. American Century Companies Inc. now owns 613,203 shares of the bank's stock valued at $34,891,000 after buying an additional 28,627 shares during the period. Capital International Investors lifted its stake in KB Financial Group by 7.2% in the fourth quarter. Capital International Investors now owns 512,752 shares of the bank's stock worth $29,194,000 after acquiring an additional 34,585 shares during the last quarter. Trinity Street Asset Management LLP lifted its stake in KB Financial Group by 35.6% in the first quarter. Trinity Street Asset Management LLP now owns 330,384 shares of the bank's stock worth $17,877,000 after acquiring an additional 86,737 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in KB Financial Group by 19.5% in the fourth quarter. Marshall Wace LLP now owns 256,689 shares of the bank's stock worth $14,606,000 after acquiring an additional 41,818 shares during the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

KB Financial Group Stock Performance

Shares of KB Financial Group stock traded up $5.86 on Thursday, hitting $90.10. The stock had a trading volume of 305,957 shares, compared to its average volume of 188,873. KB Financial Group Inc has a 52-week low of $46.38 and a 52-week high of $90.33. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.40. The stock has a market cap of $34.37 billion, a price-to-earnings ratio of 8.74, a P/E/G ratio of 0.62 and a beta of 1.06. The company's 50 day moving average price is $78.99 and its 200 day moving average price is $65.21.

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