Quantbot Technologies LP Decreases Holdings in KB Financial Group Inc. (NYSE:KB)

Quantbot Technologies LP reduced its position in KB Financial Group Inc. (NYSE:KB) by 72.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,384 shares of the bank’s stock after selling 3,702 shares during the quarter. Quantbot Technologies LP’s holdings in KB Financial Group were worth $79,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Cerity Partners LLC boosted its stake in KB Financial Group by 69.6% in the 3rd quarter. Cerity Partners LLC now owns 34,134 shares of the bank’s stock worth $2,108,000 after purchasing an additional 14,008 shares in the last quarter. FMR LLC boosted its position in KB Financial Group by 121.6% in the third quarter. FMR LLC now owns 33,642 shares of the bank’s stock valued at $2,077,000 after buying an additional 18,459 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in KB Financial Group by 23.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,319 shares of the bank’s stock worth $761,000 after buying an additional 2,337 shares during the period. Townsquare Capital LLC purchased a new position in KB Financial Group during the 3rd quarter worth approximately $338,000. Finally, Glenmede Trust Co. NA acquired a new stake in KB Financial Group during the 3rd quarter valued at approximately $236,000. 11.52% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Stock Up 1.3 %

KB opened at $54.04 on Tuesday. The company has a fifty day moving average of $57.26 and a two-hundred day moving average of $61.30. The stock has a market capitalization of $21.27 billion, a price-to-earnings ratio of 6.30, a PEG ratio of 0.52 and a beta of 0.99. KB Financial Group Inc. has a fifty-two week low of $45.59 and a fifty-two week 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.

KB Financial Group (NYSE:KB) last announced 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 during the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. On average, research analysts expect that KB Financial Group Inc. will post 8.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Morgan Stanley raised shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th. StockNews.com cut KB Financial Group from a “buy” rating to a “hold” rating in a report on Friday, March 21st.

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.