Bank of America Corp DE Sells 71,289 Shares of KB Financial Group Inc. (NYSE:KB)

Bank of America Corp DE lessened its stake in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 665,737 shares of the bank's stock after selling 71,289 shares during the quarter. Bank of America Corp DE owned 0.17% of KB Financial Group worth $37,880,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KB. Gilman Hill Asset Management LLC boosted its holdings in KB Financial Group by 1.5% in the fourth quarter. Gilman Hill Asset Management LLC now owns 67,138 shares of the bank's stock valued at $3,820,000 after purchasing an additional 961 shares during the last quarter. Ballentine Partners LLC grew its position in shares of KB Financial Group by 3.0% during the fourth quarter. Ballentine Partners LLC now owns 23,312 shares of the bank's stock worth $1,326,000 after buying an additional 685 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of KB Financial Group in the fourth quarter worth $856,000. Blue Trust Inc. raised its holdings in KB Financial Group by 30.5% in the fourth quarter. Blue Trust Inc. now owns 36,868 shares of the bank's stock valued at $2,277,000 after acquiring an additional 8,625 shares in the last quarter. Finally, Optas LLC bought a new position in KB Financial Group during the 4th quarter valued at $261,000. 11.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut shares of KB Financial Group from a "buy" rating to a "hold" rating in a research report on Monday, April 28th.

KB Financial Group Stock Performance

Shares of NYSE:KB traded up $1.77 during trading hours on Monday, hitting $68.86. The stock had a trading volume of 137,200 shares, compared to its average volume of 189,560. The stock's fifty day simple moving average is $57.75 and its 200 day simple moving average is $59.77. 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 market capitalization of $27.10 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 0.52 and a beta of 0.98. KB Financial Group Inc. has a 1-year low of $46.38 and a 1-year high of $72.89.

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 for the quarter, missing the consensus estimate of $3.04 by ($0.02). The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $4.45 billion. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. Sell-side analysts anticipate that KB Financial Group Inc. will post 8.87 earnings per share for the current fiscal year.

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.