KB Financial Group Inc $KB Shares Sold by Virtus Family Office LLC

Virtus Family Office LLC decreased its holdings in shares of KB Financial Group Inc (NYSE:KB) by 85.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,886 shares of the bank’s stock after selling 16,733 shares during the quarter. Virtus Family Office LLC’s holdings in KB Financial Group were worth $239,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. First Horizon Advisors Inc. acquired a new stake in shares of KB Financial Group during the 2nd quarter worth about $25,000. Parkside Financial Bank & Trust raised its stake in shares of KB Financial Group by 585.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 336 shares of the bank’s stock valued at $28,000 after acquiring an additional 287 shares during the period. First Horizon Corp acquired a new position in shares of KB Financial Group in the 3rd quarter worth approximately $30,000. Jones Financial Companies Lllp lifted its holdings in shares of KB Financial Group by 187.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 500 shares of the bank’s stock worth $40,000 after acquiring an additional 326 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of KB Financial Group by 817.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 771 shares of the bank’s stock worth $64,000 after purchasing an additional 687 shares during the period. Institutional investors and hedge funds own 11.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on KB. Zacks Research upgraded KB Financial Group from a “strong sell” rating to a “hold” rating in a research note on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

KB Financial Group Price Performance

Shares of NYSE:KB traded up $6.75 during trading on Friday, hitting $102.91. 14,231 shares of the stock were exchanged, compared to its average volume of 205,826. KB Financial Group Inc has a 12-month low of $46.38 and a 12-month high of $101.98. The company has a market cap of $39.26 billion, a PE ratio of 9.72, a P/E/G ratio of 0.71 and a beta of 1.11. The company has a fifty day moving average price of $88.80 and a two-hundred day moving average price of $84.48. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.38.

KB Financial Group (NYSE:KB) last issued its quarterly earnings data on Saturday, January 31st. The bank reported $1.43 EPS for the quarter. KB Financial Group had a net margin of 16.96% and a return on equity of 9.79%. On average, analysts forecast that KB Financial Group Inc will post 8.87 EPS for the current year.

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.