Promethos Capital LLC Sells 1,630 Shares of KB Financial Group Inc. (NYSE:KB)

Promethos Capital LLC decreased its holdings in shares of KB Financial Group Inc. (NYSE:KB) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,291 shares of the bank’s stock after selling 1,630 shares during the quarter. KB Financial Group comprises approximately 2.3% of Promethos Capital LLC’s holdings, making the stock its 16th largest position. Promethos Capital LLC’s holdings in KB Financial Group were worth $6,250,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KB. Hilltop National Bank acquired a new stake in KB Financial Group in the 2nd quarter worth $34,000. GAMMA Investing LLC grew its position in KB Financial Group by 98.0% during the first quarter. GAMMA Investing LLC now owns 689 shares of the bank’s stock worth $36,000 after buying an additional 341 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in KB Financial Group by 66.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank’s stock worth $44,000 after buying an additional 310 shares in the last quarter. Tucker Asset Management LLC bought a new position in KB Financial Group during the fourth quarter valued at about $68,000. Finally, Barometer Capital Management Inc. acquired a new position in KB Financial Group in the 4th quarter valued at approximately $120,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 27th.

KB Financial Group Stock Performance

NYSE:KB opened at $62.88 on Friday. The stock has a market capitalization of $25.37 billion, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 0.41 and a beta of 0.99. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.33. KB Financial Group Inc. has a 1 year low of $36.57 and a 1 year high of $67.40. The firm has a 50 day moving average of $62.42 and a 200-day moving average of $57.56.

KB Financial Group (NYSE:KB) last announced its earnings results on Wednesday, August 14th. The bank reported $3.06 EPS for the quarter, topping the consensus estimate of $2.70 by $0.36. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. The company had revenue of $3.18 billion for the quarter. As a group, sell-side analysts anticipate that KB Financial Group Inc. will post 9.4 EPS for the current fiscal 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.