KB Financial Group Inc. (NYSE:KB) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its position in shares of KB Financial Group Inc. (NYSE:KB) by 9.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,340 shares of the bank’s stock after selling 469 shares during the quarter. M&T Bank Corp’s holdings in KB Financial Group were worth $247,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new stake in KB Financial Group during the fourth quarter worth about $698,000. Henry James International Management Inc. grew its stake in shares of KB Financial Group by 0.5% in the fourth quarter. Henry James International Management Inc. now owns 63,039 shares of the bank’s stock valued at $3,587,000 after buying an additional 293 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of KB Financial Group in the fourth quarter valued at about $312,000. QRG Capital Management Inc. grew its stake in shares of KB Financial Group by 2.4% in the fourth quarter. QRG Capital Management Inc. now owns 12,269 shares of the bank’s stock valued at $698,000 after buying an additional 284 shares in the last quarter. Finally, NewEdge Wealth LLC grew its stake in shares of KB Financial Group by 3.2% in the fourth quarter. NewEdge Wealth LLC now owns 58,351 shares of the bank’s stock valued at $3,320,000 after buying an additional 1,806 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KB has been the subject of a number of recent research reports. StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research note on Thursday. Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th.

KB Financial Group Trading Up 1.8 %

Shares of KB opened at $54.99 on Friday. The company has a market capitalization of $21.64 billion, a P/E ratio of 6.41, a P/E/G ratio of 0.52 and a beta of 0.99. KB Financial Group Inc. has a one year low of $45.59 and a one year high of $72.89. 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 stock has a 50-day moving average price of $58.31 and a 200 day moving average price of $61.87.

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