KB Financial Group Inc $KB Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. reduced its stake in KB Financial Group Inc (NYSE:KB) by 12.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 641,821 shares of the bank’s stock after selling 93,160 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in KB Financial Group were worth $53,213,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. purchased a new position in KB Financial Group during the second 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, Smartleaf Asset Management LLC boosted its position in shares of KB Financial Group by 397.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 727 shares of the bank’s stock worth $60,000 after purchasing an additional 581 shares during the period. Institutional investors and hedge funds own 11.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Zacks Research upgraded shares of KB Financial Group from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, KB Financial Group has an average rating of “Moderate Buy”.

KB Financial Group Stock Up 0.3%

Shares of NYSE:KB opened at $102.81 on Thursday. The firm has a market capitalization of $38.33 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 0.63 and a beta of 1.08. KB Financial Group Inc has a 1 year low of $46.38 and a 1 year high of $119.71. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.64 and a quick ratio of 1.65. The firm’s 50-day moving average is $100.04 and its two-hundred day moving average is $89.26.

KB Financial Group (NYSE:KB) last posted 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 17.16% and a return on equity of 9.67%. Analysts predict that KB Financial Group Inc will post 8.87 EPS for the current year.

KB Financial Group Company 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.