Vanguard Group Inc. Sells 40,613 Shares of KB Financial Group Inc. (NYSE:KB)

Vanguard Group Inc. trimmed its position in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 368,458 shares of the bank's stock after selling 40,613 shares during the period. Vanguard Group Inc. owned approximately 0.09% of KB Financial Group worth $20,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of KB Financial Group in the 3rd quarter worth approximately $35,000. Hudson Edge Investment Partners Inc. lifted its position in KB Financial Group by 5.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock worth $198,000 after buying an additional 168 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in KB Financial Group during the fourth quarter worth $222,000. Optas LLC bought a new position in KB Financial Group during the fourth quarter valued at $261,000. Finally, Banque Pictet & Cie SA purchased a new stake in shares of KB Financial Group in the fourth quarter valued at $283,000. 11.52% of the stock is currently owned by institutional investors.

KB Financial Group Trading Up 1.1 %

Shares of NYSE KB traded up $0.62 during midday trading on Friday, hitting $56.32. The company's stock had a trading volume of 165,991 shares, compared to its average volume of 190,544. KB Financial Group Inc. has a 12-month low of $46.38 and a 12-month high of $72.89. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. The firm has a market cap of $22.16 billion, a P/E ratio of 6.56, a price-to-earnings-growth ratio of 0.52 and a beta of 0.92. The business's 50 day moving average is $54.53 and its two-hundred day moving average is $60.27.

KB Financial Group (NYSE:KB - Get Free Report) last released its earnings results on Wednesday, March 5th. The bank reported $1.21 earnings per share for the quarter. The business had revenue of $2.94 billion for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. As a group, equities research analysts expect that KB Financial Group Inc. will post 8.87 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of KB Financial Group from a "hold" rating to a "buy" rating in a research note on Friday.

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.