Deltec Asset Management LLC lowered its position in shares of KB Financial Group Inc. (NYSE:KB) by 31.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 28,000 shares of the company’s stock after selling 12,720 shares during the period. Deltec Asset Management LLC’s holdings in KB Financial Group were worth $797,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. BlackRock Fund Advisors boosted its position in KB Financial Group by 51.6% in the first quarter. BlackRock Fund Advisors now owns 14,113 shares of the company’s stock worth $389,000 after buying an additional 4,803 shares during the period. AXA boosted its position in KB Financial Group by 38.3% in the first quarter. AXA now owns 16,600 shares of the company’s stock worth $458,000 after buying an additional 4,600 shares during the period. Capstone Asset Management Co. boosted its position in KB Financial Group by 2.9% in the first quarter. Capstone Asset Management Co. now owns 83,791 shares of the company’s stock worth $2,312,000 after buying an additional 2,352 shares during the period. State Street Corp boosted its position in KB Financial Group by 3.9% in the first quarter. State Street Corp now owns 121,539 shares of the company’s stock worth $3,353,000 after buying an additional 4,605 shares during the period. Finally, OLD Mission Capital LLC bought a new position in KB Financial Group during the first quarter worth about $3,751,000. 7.02% of the stock is currently owned by institutional investors and hedge funds.

KB Financial Group Inc. (NYSE:KB) traded up 3.00% during midday trading on Wednesday, hitting $35.05. 105,818 shares of the company were exchanged. KB Financial Group Inc. has a 1-year low of $22.84 and a 1-year high of $36.59. The firm has a market capitalization of $13.22 billion, a PE ratio of 8.09 and a beta of 1.60. The stock has a 50 day moving average of $34.20 and a 200 day moving average of $30.25.

A number of equities research analysts recently weighed in on KB shares. TheStreet upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 17th. Citigroup Inc. upgraded shares of KB Financial Group from a “neutral” rating to a “buy” rating in a report on Thursday, July 21st. Finally, Zacks Investment Research lowered shares of KB Financial Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday.

KB Financial Group Company Profile

5 Day Chart for NYSE:KB

Want to see what other hedge funds are holding KB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Financial Group Inc. (NYSE:KB).

Receive News & Ratings for KB Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Financial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.