Todd Asset Management LLC Has $47.73 Million Stake in KB Financial Group Inc $KB

Todd Asset Management LLC trimmed its position in shares of KB Financial Group Inc (NYSE:KB) by 0.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 554,740 shares of the bank’s stock after selling 5,277 shares during the period. Todd Asset Management LLC’s holdings in KB Financial Group were worth $47,731,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its stake 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 in the last quarter. Leonteq Securities AG bought a new position in KB Financial Group in the 4th quarter valued at approximately $43,000. Triumph Capital Management bought a new position in KB Financial Group in the 3rd quarter valued at approximately $46,000. Smartleaf Asset Management LLC raised its holdings in KB Financial Group by 397.9% in the 3rd 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. Finally, CIBC Private Wealth Group LLC raised its holdings in KB Financial Group by 275.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 747 shares of the bank’s stock valued at $62,000 after buying an additional 548 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

KB Financial Group Stock Up 0.3%

KB Financial Group stock opened at $105.22 on Monday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.64 and a current ratio of 1.64. KB Financial Group Inc has a 52-week low of $70.96 and a 52-week high of $119.71. The firm has a 50 day moving average price of $104.82 and a two-hundred day moving average price of $97.57. The firm has a market cap of $39.23 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 0.64 and a beta of 1.06.

KB Financial Group (NYSE:KB) last released its quarterly earnings results on Tuesday, March 31st. The bank reported $2.16 earnings per share (EPS) for the quarter. KB Financial Group had a net margin of 17.36% and a return on equity of 9.99%. The firm had revenue of $3.49 billion during the quarter. Equities analysts predict that KB Financial Group Inc will post 11.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KB shares. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a report on Friday, March 27th. Zacks Research upgraded shares of KB Financial Group from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Finally, Wall Street Zen lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, KB Financial Group has an average 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.