Wellington Management Group LLP Trims Holdings in KB Financial Group Inc $KB

Key Points

• Wellington Management Group LLP has reduced its stake in KB Financial Group by 2.8%, holding 113,213 shares worth approximately $6.13 million after selling 3,245 shares in the first quarter.
$3.16 per share, beating estimates, with a revenue of $3.32 billion for the quarter, exceeding forecasts of $3.20 billion.
• The company declared a quarterly dividend of $0.657 per share, yielding 3.3%, with a payout ratio of 20.37% and an ex-dividend date of August 8th.

Wellington Management Group LLP trimmed its holdings in KB Financial Group Inc (NYSE:KB - Free Report) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,213 shares of the bank's stock after selling 3,245 shares during the quarter. Wellington Management Group LLP's holdings in KB Financial Group were worth $6,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in KB Financial Group by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,494,535 shares of the bank's stock worth $134,946,000 after buying an additional 7,386 shares during the period. Northern Trust Corp raised its stake in shares of KB Financial Group by 4.9% in the first quarter. Northern Trust Corp now owns 957,093 shares of the bank's stock worth $51,788,000 after purchasing an additional 44,564 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of KB Financial Group by 3.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 844,377 shares of the bank's stock worth $45,689,000 after purchasing an additional 28,484 shares during the last quarter. American Century Companies Inc. raised its stake in shares of KB Financial Group by 3.5% in the first quarter. American Century Companies Inc. now owns 634,875 shares of the bank's stock worth $34,353,000 after purchasing an additional 21,672 shares during the last quarter. Finally, Trinity Street Asset Management LLP raised its stake in shares of 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 purchasing an additional 86,737 shares during the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

KB Financial Group Stock Performance

Shares of KB traded down $0.68 on Friday, reaching $78.63. 92,735 shares of the company's stock traded hands, compared to its average volume of 145,953. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.36. The stock has a market cap of $30.00 billion, a PE ratio of 7.55, a PEG ratio of 0.60 and a beta of 1.07. The stock's 50 day simple moving average is $81.95 and its two-hundred day simple moving average is $69.08. KB Financial Group Inc has a 52-week low of $46.38 and a 52-week high of $92.39.

KB Financial Group (NYSE:KB - Get Free Report) last issued 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. KB Financial Group had a return on equity of 9.79% and a net margin of 16.16%.The company had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.20 billion. On average, analysts forecast that KB Financial Group Inc will post 8.87 earnings per share 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 paid a $0.657 dividend. The ex-dividend date was Friday, August 8th. This represents a $2.63 annualized dividend and a dividend yield of 3.3%. KB Financial Group's payout ratio is presently 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.