Wellington Management Group LLP Has $6.63 Million Position in KB Financial Group Inc. (NYSE:KB)

Wellington Management Group LLP lowered its position in KB Financial Group Inc. (NYSE:KB - Free Report) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 116,458 shares of the bank's stock after selling 13,573 shares during the period. Wellington Management Group LLP's holdings in KB Financial Group were worth $6,626,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Hudson Edge Investment Partners Inc. boosted its holdings in KB Financial Group by 5.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock worth $198,000 after purchasing an additional 168 shares in the last quarter. Seeds Investor LLC increased its holdings in shares of KB Financial Group by 2.9% during the 4th quarter. Seeds Investor LLC now owns 6,923 shares of the bank's stock valued at $394,000 after acquiring an additional 195 shares during the last quarter. Candriam S.C.A. raised its stake in shares of KB Financial Group by 1.9% in the 4th quarter. Candriam S.C.A. now owns 10,679 shares of the bank's stock valued at $608,000 after acquiring an additional 200 shares in the last quarter. Cetera Investment Advisers lifted its holdings in KB Financial Group by 7.4% in the 4th quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock worth $214,000 after purchasing an additional 258 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in KB Financial Group by 2.4% in the 4th quarter. QRG Capital Management Inc. now owns 12,269 shares of the bank's stock worth $698,000 after purchasing an additional 284 shares during the last quarter. Institutional investors and hedge funds own 11.52% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of 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 traded down $0.06 during midday trading on Friday, reaching $77.99. The company's stock had a trading volume of 67,679 shares, compared to its average volume of 194,290. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. The company has a fifty day simple moving average of $62.77 and a 200 day simple moving average of $60.56. The stock has a market cap of $30.69 billion, a P/E ratio of 9.09, a PEG ratio of 0.52 and a beta of 0.98. KB Financial Group Inc. has a twelve month low of $46.38 and a twelve month high of $80.33.

KB Financial Group (NYSE:KB - Get Free Report) last announced 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 company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $4.45 billion. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. Research analysts expect that KB Financial Group Inc. will post 8.87 earnings per share 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.