Raymond James & Associates Sells 5,568 Shares of KB Financial Group Inc. (NYSE:KB)

Raymond James & Associates lessened its holdings in KB Financial Group Inc. (NYSE:KB) by 4.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,144 shares of the bank’s stock after selling 5,568 shares during the quarter. Raymond James & Associates’ holdings in KB Financial Group were worth $7,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. grew its stake in KB Financial Group by 252.2% in the 3rd quarter. Blue Trust Inc. now owns 28,243 shares of the bank’s stock valued at $1,599,000 after purchasing an additional 20,225 shares during the period. Aaron Wealth Advisors LLC grew its stake in KB Financial Group by 21.5% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 4,755 shares of the bank’s stock valued at $294,000 after purchasing an additional 841 shares during the period. Bleakley Financial Group LLC grew its stake in KB Financial Group by 1.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 13,248 shares of the bank’s stock valued at $818,000 after purchasing an additional 208 shares during the period. Creative Planning grew its stake in shares of KB Financial Group by 9.5% during the 3rd quarter. Creative Planning now owns 86,130 shares of the bank’s stock worth $5,319,000 after acquiring an additional 7,494 shares during the period. Finally, Gilman Hill Asset Management LLC grew its stake in shares of KB Financial Group by 8.9% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 66,177 shares of the bank’s stock worth $4,086,000 after acquiring an additional 5,410 shares during the period. Institutional investors own 11.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

KB Financial Group Stock Down 2.1 %

KB stock opened at $67.37 on Thursday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market capitalization of $27.18 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 0.47 and a beta of 0.98. KB Financial Group Inc. has a fifty-two week low of $36.57 and a fifty-two week high of $72.89. The stock has a fifty day moving average of $64.48 and a 200-day moving average of $60.15.

KB Financial Group (NYSE:KB) last posted its quarterly earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.36. The company had revenue of $3.18 billion during the quarter. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. As a group, equities research analysts predict that KB Financial Group Inc. will post 9.4 earnings per share for the current year.

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.