Lazard Asset Management LLC Sells 20,708 Shares of KB Financial Group Inc. (NYSE:KB)

Lazard Asset Management LLC lessened its position in KB Financial Group Inc. (NYSE:KB - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. 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 approximately 0.38% of KB Financial Group worth $84,045,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of KB Financial Group during the 4th quarter worth approximately $856,000. Blue Trust Inc. raised its stake in KB Financial Group by 30.5% in 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in KB Financial Group in the 4th quarter worth about $7,301,000. Optas LLC acquired a new stake in KB Financial Group in the 4th quarter worth about $261,000. Finally, HighTower Advisors LLC bought a new position in KB Financial Group in the 4th quarter valued at about $933,000. Institutional investors own 11.52% of the company's stock.

Analyst Ratings Changes

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 Trading Down 0.7%

Shares of NYSE KB traded down $0.48 during midday trading on Friday, reaching $66.98. The stock had a trading volume of 109,640 shares, compared to its average volume of 189,770. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. KB Financial Group Inc. has a twelve month low of $46.38 and a twelve month high of $72.89. The company's 50 day moving average price is $57.75 and its 200 day moving average price is $59.77. 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.

KB Financial Group (NYSE:KB - Get Free Report) last released 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). KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $4.45 billion. As a group, sell-side analysts expect that KB Financial Group Inc. will post 8.87 EPS for the current 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.