CWA Asset Management Group LLC Sells 13,755 Shares of KB Financial Group Inc. (NYSE:KB)

CWA Asset Management Group LLC reduced its holdings in shares of KB Financial Group Inc. (NYSE:KB) by 20.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,629 shares of the bank’s stock after selling 13,755 shares during the quarter. CWA Asset Management Group LLC’s holdings in KB Financial Group were worth $2,219,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of KB Financial Group by 9.5% during the 3rd quarter. American Century Companies Inc. now owns 391,861 shares of the bank’s stock worth $16,109,000 after acquiring an additional 33,884 shares during the period. Trinity Street Asset Management LLP boosted its stake in KB Financial Group by 3.1% in the 4th quarter. Trinity Street Asset Management LLP now owns 2,151,024 shares of the bank’s stock valued at $88,988,000 after purchasing an additional 65,402 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in KB Financial Group by 54.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 65,235 shares of the bank’s stock valued at $2,682,000 after purchasing an additional 23,016 shares during the period. CWM LLC boosted its stake in KB Financial Group by 12.4% in the 4th quarter. CWM LLC now owns 2,409 shares of the bank’s stock valued at $100,000 after purchasing an additional 265 shares during the period. Finally, Altrinsic Global Advisors LLC boosted its stake in KB Financial Group by 46.9% in the 3rd quarter. Altrinsic Global Advisors LLC now owns 111,820 shares of the bank’s stock valued at $4,597,000 after purchasing an additional 35,692 shares during the period. 11.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 13th.

KB Financial Group Stock Performance

KB traded up $0.01 during trading on Monday, hitting $57.55. The stock had a trading volume of 81,241 shares, compared to its average volume of 196,540. The company has a 50 day moving average price of $53.37 and a 200-day moving average price of $47.59. The firm has a market cap of $23.22 billion, a price-to-earnings ratio of 7.18, a P/E/G ratio of 0.42 and a beta of 1.01. KB Financial Group Inc. has a one year low of $35.20 and a one year high of $60.14. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.65 and a quick ratio of 1.65.

KB Financial Group (NYSE:KB) last released its earnings results on Wednesday, March 6th. The bank reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.21). The company had revenue of $3.54 billion for the quarter. KB Financial Group had a net margin of 11.65% and a return on equity of 6.97%. As a group, research analysts predict that KB Financial Group Inc. will post 9.41 EPS for the current year.

KB Financial Group Profile

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.