KB Financial Group Inc. (NYSE:KB) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in KB Financial Group Inc. (NYSE:KB - Free Report) by 10.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,458 shares of the bank's stock after selling 13,573 shares during the quarter. Wellington Management Group LLP's holdings in KB Financial Group were worth $6,626,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Deutsche Bank AG acquired a new stake in shares of KB Financial Group in the 4th quarter worth $1,149,000. D. E. Shaw & Co. Inc. boosted its position in shares of KB Financial Group by 40.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 18,949 shares of the bank's stock worth $1,078,000 after purchasing an additional 5,427 shares in the last quarter. Vise Technologies Inc. boosted its position in shares of KB Financial Group by 253.1% in the 4th quarter. Vise Technologies Inc. now owns 21,208 shares of the bank's stock worth $1,207,000 after purchasing an additional 15,202 shares in the last quarter. Raymond James Financial Inc. purchased a new position in KB Financial Group in the 4th quarter worth $7,301,000. Finally, Optas LLC purchased a new position in KB Financial Group in the 4th quarter worth $261,000. Institutional investors and hedge funds own 11.52% of the company's stock.

Analyst Upgrades and Downgrades

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

KB stock traded down $0.06 during midday trading on Friday, reaching $77.99. The stock had a trading volume of 111,096 shares, compared to its average volume of 195,332. The stock has a market cap of $30.69 billion, a PE ratio of 9.09, a P/E/G 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. The firm has a fifty day simple moving average of $63.23 and a two-hundred day simple moving average of $60.64. KB Financial Group Inc. has a 52-week low of $46.38 and a 52-week high of $80.33.

KB Financial Group (NYSE:KB - Get Free Report) last issued its earnings results on Thursday, April 24th. The bank reported $3.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.04 by ($0.02). The firm had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $4.45 billion. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. As a group, equities research analysts anticipate that KB Financial Group Inc. will post 8.87 EPS for the current year.

KB Financial Group Company 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.