KB Financial Group Inc $KB Shares Sold by Trinity Street Asset Management LLP

Trinity Street Asset Management LLP trimmed its stake in shares of KB Financial Group Inc (NYSE:KB) by 7.5% during the fourth quarter, Holdings Channel reports. The firm owned 60,763 shares of the bank’s stock after selling 4,902 shares during the period. KB Financial Group comprises about 0.3% of Trinity Street Asset Management LLP’s holdings, making the stock its 22nd largest position. Trinity Street Asset Management LLP’s holdings in KB Financial Group were worth $5,228,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KB. First Horizon Corp bought a new position in KB Financial Group in the 3rd quarter worth approximately $30,000. Jones Financial Companies Lllp increased its position in KB Financial Group by 187.4% during the third quarter. Jones Financial Companies Lllp now owns 500 shares of the bank’s stock worth $40,000 after buying an additional 326 shares during the last quarter. Triumph Capital Management acquired a new stake in shares of KB Financial Group in the third quarter valued at about $46,000. Smartleaf Asset Management LLC grew its position in KB Financial Group by 397.9% during the third quarter. Smartleaf Asset Management LLC now owns 727 shares of the bank’s stock worth $60,000 after buying an additional 581 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of KB Financial Group by 275.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 747 shares of the bank’s stock worth $62,000 after acquiring an additional 548 shares in the last quarter. 11.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Zacks Research upgraded shares of KB Financial Group from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a report on Friday, March 27th. Finally, Wall Street Zen cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

KB Financial Group Price Performance

Shares of KB Financial Group stock opened at $106.88 on Thursday. The firm has a market cap of $39.85 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.61 and a beta of 1.04. KB Financial Group Inc has a 12-month low of $47.32 and a 12-month high of $119.71. The company has a quick ratio of 1.65, a current ratio of 1.64 and a debt-to-equity ratio of 2.48. The company’s fifty day simple moving average is $104.38 and its two-hundred day simple moving average is $92.02.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Saturday, January 31st. The bank reported $1.43 earnings per share (EPS) for the quarter. KB Financial Group had a net margin of 17.16% and a return on equity of 9.67%. As a group, equities analysts expect that KB Financial Group Inc will post 8.87 EPS for the current year.

About KB Financial Group

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.