Trinity Street Asset Management LLP Has $5.44 Million Holdings in KB Financial Group Inc $KB

Trinity Street Asset Management LLP decreased its stake in KB Financial Group Inc (NYSE:KB) by 80.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 65,665 shares of the bank’s stock after selling 262,886 shares during the period. KB Financial Group comprises approximately 0.4% of Trinity Street Asset Management LLP’s portfolio, making the stock its 21st biggest holding. Trinity Street Asset Management LLP’s holdings in KB Financial Group were worth $5,444,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. First Horizon Advisors Inc. bought a new stake in KB Financial Group in the 2nd quarter valued at $25,000. Parkside Financial Bank & Trust increased its holdings in shares of KB Financial Group by 585.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock worth $28,000 after purchasing an additional 287 shares during the period. First Horizon Corp acquired a new position in shares of KB Financial Group during the third quarter valued at about $30,000. Hantz Financial Services Inc. lifted its stake in shares of KB Financial Group by 817.9% in the second quarter. Hantz Financial Services Inc. now owns 771 shares of the bank’s stock valued at $64,000 after buying an additional 687 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in KB Financial Group by 10,875.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 878 shares of the bank’s stock worth $73,000 after buying an additional 870 shares in the last quarter. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Performance

NYSE:KB opened at $88.97 on Friday. The firm has a market capitalization of $33.94 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 0.67 and a beta of 1.12. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 2.38. KB Financial Group Inc has a 12-month low of $46.38 and a 12-month high of $92.39. The firm has a 50-day moving average price of $86.29 and a 200 day moving average price of $83.46.

Analyst Ratings Changes

Several research firms have commented on KB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a report on Monday, December 29th. Zacks Research cut KB Financial Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 18th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, KB Financial Group currently has an average rating of “Hold”.

KB Financial Group Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.