Todd Asset Management LLC Sells 127,029 Shares of KB Financial Group Inc (NYSE:KB)

Key Points

• Todd Asset Management LLC has reduced its position in KB Financial Group Inc by 18.1%, selling a total of 127,029 shares to hold approximately 0.15% of the company.
• Despite Todd Asset Management's reduction, other institutional investors have increased their positions, with notable raises from Seeds Investor LLC (2.9%), Cetera Investment Advisers (7.4%), and others.
• KB Financial Group's stock experienced a 0.7% decline and currently trades at $82.02, with a 52-week range between $46.38 and $92.39.

Todd Asset Management LLC decreased its stake in shares of KB Financial Group Inc (NYSE:KB - Free Report) by 18.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 575,721 shares of the bank's stock after selling 127,029 shares during the quarter. Todd Asset Management LLC owned about 0.15% of KB Financial Group worth $31,152,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in KB. Bruce G. Allen Investments LLC grew its holdings in shares of KB Financial Group by 141.8% in the first quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank's stock worth $50,000 after acquiring an additional 543 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of KB Financial Group by 659.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock worth $137,000 after acquiring an additional 2,097 shares during the period. Cetera Investment Advisers grew its holdings in shares of KB Financial Group by 7.4% in the fourth quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock worth $214,000 after acquiring an additional 258 shares during the period. Perigon Wealth Management LLC bought a new stake in shares of KB Financial Group in the first quarter worth $214,000. Finally, Triumph Capital Management bought a new stake in shares of KB Financial Group in the fourth quarter worth $228,000. Hedge funds and other institutional investors own 11.52% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered KB Financial Group from a "buy" rating to a "hold" rating in a report on Sunday, August 10th.

KB Financial Group Stock Performance

NYSE:KB traded down $0.04 during mid-day trading on Friday, hitting $81.84. 72,305 shares of the company traded hands, compared to its average volume of 199,003. The stock's fifty day moving average price is $82.02 and its 200-day moving average price is $67.53. KB Financial Group Inc has a one year low of $46.38 and a one year high of $92.39. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.40. The firm has a market cap of $31.22 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 0.64 and a beta of 1.06.

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.