KB Financial Group Inc. (NYSE:KB) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in KB Financial Group Inc. (NYSE:KB - Free Report) by 32.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,000 shares of the bank's stock after selling 30,850 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in KB Financial Group were worth $3,585,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Northern Trust Corp grew its stake in shares of KB Financial Group by 310.0% during the fourth quarter. Northern Trust Corp now owns 912,529 shares of the bank's stock worth $51,923,000 after purchasing an additional 689,979 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in KB Financial Group by 4.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank's stock worth $46,424,000 after buying an additional 36,394 shares during the last quarter. American Century Companies Inc. lifted its holdings in KB Financial Group by 4.9% during the 4th quarter. American Century Companies Inc. now owns 613,203 shares of the bank's stock worth $34,891,000 after buying an additional 28,627 shares during the last quarter. Capital International Investors boosted its position in shares of KB Financial Group by 7.2% during the 4th 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 in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of KB Financial Group by 4.9% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 447,400 shares of the bank's stock valued at $25,457,000 after acquiring an additional 20,970 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

KB Financial Group Stock Down 0.1%

KB stock traded down $0.06 during midday trading on Friday, reaching $77.99. 111,096 shares of the company were exchanged, compared to its average volume of 195,332. The company has a market cap of $30.69 billion, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 0.52 and a beta of 1.05. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. KB Financial Group Inc. has a 1-year low of $46.38 and a 1-year high of $80.33. The stock's 50-day simple moving average is $63.23 and its 200 day simple moving average is $60.53.

KB Financial Group (NYSE:KB - Get Free Report) last posted 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 12.33% and a return on equity of 7.71%. The company had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $4.45 billion. On average, equities analysts forecast that KB Financial Group Inc. will post 8.87 earnings per share for the current 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.