US Bancorp DE Sells 2,922 Shares of KB Financial Group Inc. (NYSE:KB)

US Bancorp DE cut its stake in shares of KB Financial Group Inc. (NYSE:KB) by 12.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,170 shares of the bank’s stock after selling 2,922 shares during the period. US Bancorp DE’s holdings in KB Financial Group were worth $1,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in KB Financial Group during the third quarter valued at approximately $35,000. Venturi Wealth Management LLC grew its position in shares of KB Financial Group by 2,427.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock valued at $67,000 after purchasing an additional 1,044 shares in the last quarter. Hudson Edge Investment Partners Inc. increased its holdings in shares of 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 purchasing an additional 168 shares during the period. Drive Wealth Management LLC bought a new position in shares of KB Financial Group in the third quarter worth $219,000. Finally, Glenmede Trust Co. NA purchased a new stake in shares of KB Financial Group in the third quarter worth $236,000. 11.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KB has been the topic of a number of recent analyst reports. Morgan Stanley raised shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th. StockNews.com cut KB Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th.

KB Financial Group Stock Performance

KB Financial Group stock opened at $54.33 on Monday. KB Financial Group Inc. has a 1-year low of $45.59 and a 1-year high of $72.89. The firm has a market cap of $21.38 billion, a P/E ratio of 6.33, a P/E/G ratio of 0.52 and a beta of 0.99. 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 50-day moving average of $58.63 and a 200-day moving average of $62.27.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Wednesday, March 5th. The bank reported $1.21 earnings per share for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The business had revenue of $2.94 billion during the quarter. Sell-side analysts expect that KB Financial Group Inc. will post 8.87 EPS 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.