Lazard Asset Management LLC Trims Holdings in KB Financial Group Inc. (NYSE:KB)

Lazard Asset Management LLC lowered its stake in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,477,086 shares of the bank's stock after selling 20,708 shares during the quarter. Lazard Asset Management LLC owned about 0.38% of KB Financial Group worth $84,045,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its position in KB Financial Group by 659.4% during the 4th 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 period. Hudson Edge Investment Partners Inc. raised its stake 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 purchasing an additional 168 shares during the last quarter. Cetera Investment Advisers lifted its holdings 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 purchasing an additional 258 shares during the period. Commonwealth Equity Services LLC purchased a new position in KB Financial Group in the 4th quarter valued at $222,000. Finally, Triumph Capital Management acquired a new position in KB Financial Group in the 4th quarter valued at $228,000. Institutional investors and hedge funds own 11.52% of the company's stock.

KB Financial Group Stock Performance

KB traded down $0.48 during 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 company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The company's fifty day moving average price is $57.47 and its 200-day moving average price is $59.87. KB Financial Group Inc. has a 52-week low of $46.38 and a 52-week high of $72.89. The company has a market capitalization 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.

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

Wall Street Analysts Forecast Growth

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

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.