Pzena Investment Management LLC Sells 6,080 Shares of KB Financial Group Inc $KB

Pzena Investment Management LLC cut its holdings in shares of KB Financial Group Inc (NYSE:KB) by 14.6% in the third quarter, Holdings Channel reports. The institutional investor owned 35,521 shares of the bank’s stock after selling 6,080 shares during the quarter. Pzena Investment Management LLC’s holdings in KB Financial Group were worth $2,945,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. acquired a new stake in shares of KB Financial Group in the second quarter worth $25,000. Parkside Financial Bank & Trust boosted its holdings in 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 purchasing an additional 287 shares during the period. First Horizon Corp acquired a new stake in KB Financial Group in the 3rd quarter worth $30,000. Jones Financial Companies Lllp increased its holdings in shares of KB Financial Group by 187.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 500 shares of the bank’s stock worth $40,000 after purchasing an additional 326 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of KB Financial Group by 397.9% during the third quarter. Smartleaf Asset Management LLC now owns 727 shares of the bank’s stock valued at $60,000 after buying an additional 581 shares during the last quarter. 11.52% of the stock is owned by institutional investors.

KB Financial Group Stock Performance

NYSE KB opened at $113.96 on Friday. KB Financial Group Inc has a 1-year low of $46.38 and a 1-year high of $117.24. The company has a 50 day moving average of $93.59 and a 200-day moving average of $86.48. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.38. The firm has a market cap of $42.49 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 0.70 and a beta of 1.11.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KB shares. Zacks Research raised KB Financial Group from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, KB Financial Group currently has a consensus rating of “Moderate Buy”.

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.