Laird Norton Wetherby Wealth Management LLC Lowers Stock Position in KB Financial Group Inc. (NYSE:KB)

Laird Norton Wetherby Wealth Management LLC lowered its stake in KB Financial Group Inc. (NYSE:KB - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,736 shares of the bank's stock after selling 6,507 shares during the quarter. Laird Norton Wetherby Wealth Management LLC's holdings in KB Financial Group were worth $3,114,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in shares of KB Financial Group in the fourth quarter valued at $856,000. Blue Trust Inc. boosted its stake in shares of KB Financial Group by 30.5% during the 4th quarter. Blue Trust Inc. now owns 36,868 shares of the bank's stock worth $2,277,000 after purchasing an additional 8,625 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of KB Financial Group during the 4th quarter worth about $7,301,000. Optas LLC purchased a new stake in shares of KB Financial Group during the fourth quarter worth about $261,000. Finally, HighTower Advisors LLC acquired a new position in shares of KB Financial Group in the fourth quarter valued at approximately $933,000. Institutional investors and hedge funds own 11.52% of the company's stock.

KB Financial Group Trading Down 0.7%

Shares of NYSE:KB traded down $0.48 during midday trading on Friday, reaching $66.98. The company's stock had a trading volume of 109,640 shares, compared to its average volume of 189,009. The firm has a market cap of $26.36 billion, a price-to-earnings ratio of 7.81, a price-to-earnings-growth ratio of 0.52 and a beta of 0.98. The business has a 50 day moving average price of $57.47 and a 200 day moving average price of $59.87. KB Financial Group Inc. has a 1 year low of $46.38 and a 1 year high of $72.89. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29.

KB Financial Group (NYSE:KB - Get Free Report) last issued its quarterly 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). KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $4.45 billion. Research analysts forecast that KB Financial Group Inc. will post 8.87 EPS for the current year.

Wall Street Analyst Weigh In

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

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.