Laird Norton Wetherby Wealth Management LLC Trims Stake in KB Financial Group Inc. (NYSE:KB)

Laird Norton Wetherby Wealth Management LLC reduced its position in KB Financial Group Inc. (NYSE:KB - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of KB Financial Group by 659.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock worth $137,000 after acquiring an additional 2,097 shares during the last quarter. Hudson Edge Investment Partners Inc. boosted its position in shares of KB Financial Group by 5.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock worth $198,000 after acquiring an additional 168 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of KB Financial Group by 7.4% during the fourth quarter. Cetera Investment Advisers now owns 3,759 shares of the bank's stock worth $214,000 after acquiring an additional 258 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in shares of KB Financial Group during the fourth quarter worth $222,000. Finally, Triumph Capital Management bought a new position in shares of KB Financial Group during the fourth quarter worth $228,000. 11.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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 Price Performance

KB Financial Group stock traded down $0.48 during mid-day trading on Friday, reaching $66.98. 109,640 shares of the company's stock traded hands, compared to its average volume of 189,770. The company has a market cap of $26.36 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 0.52 and a beta of 0.98. The stock has a 50 day moving average of $57.75 and a two-hundred day moving average of $59.77. 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 Inc. has a 12-month low of $46.38 and a 12-month high of $72.89.

KB Financial Group (NYSE:KB - Get Free Report) last released 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). The business had revenue of $3.27 billion for the quarter, compared to analysts' expectations of $4.45 billion. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. Equities analysts forecast that KB Financial Group Inc. will post 8.87 earnings per share for the current year.

KB Financial Group 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.