Pzena Investment Management LLC Has $1.64 Million Stock Holdings in KB Financial Group Inc $KB

Pzena Investment Management LLC lessened its holdings in KB Financial Group Inc (NYSE:KB) by 46.4% during the fourth quarter, HoldingsChannel reports. The firm owned 19,023 shares of the bank’s stock after selling 16,498 shares during the quarter. Pzena Investment Management LLC’s holdings in KB Financial Group were worth $1,637,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted 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 valued at $40,000 after purchasing an additional 326 shares in the last quarter. Leonteq Securities AG acquired a new stake in shares of KB Financial Group in the 4th quarter valued at $43,000. Triumph Capital Management acquired a new stake in shares of KB Financial Group in the 3rd quarter valued at $46,000. Smartleaf Asset Management LLC boosted its holdings in shares of 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 purchasing 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 valued at $62,000 after purchasing an additional 548 shares in the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

Wall Street Analyst Weigh In

KB has been the topic of a number of research analyst reports. Zacks Research raised KB Financial Group from a “strong sell” rating to a “hold” rating in a 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 KB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, KB Financial Group has an average rating of “Moderate Buy”.

KB Financial Group Stock Up 0.3%

Shares of KB opened at $105.22 on Friday. KB Financial Group Inc has a 52 week low of $70.96 and a 52 week high of $119.71. The stock has a market capitalization of $39.23 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 0.64 and a beta of 1.06. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a fifty day moving average of $104.82 and a 200-day moving average of $97.46.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Tuesday, March 31st. The bank reported $2.16 EPS for the quarter. KB Financial Group had a return on equity of 9.99% and a net margin of 17.36%.The company had revenue of $3.49 billion during the quarter. As a group, sell-side analysts anticipate that KB Financial Group Inc will post 11.93 earnings per share for the current fiscal 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.