Bleakley Financial Group LLC Cuts Stake in KB Financial Group Inc. (NYSE:KB)

Bleakley Financial Group LLC lowered its stake in KB Financial Group Inc. (NYSE:KB) by 1.9% during the 4th quarter, Holdings Channel reports. The firm owned 12,997 shares of the bank’s stock after selling 251 shares during the quarter. Bleakley Financial Group LLC’s holdings in KB Financial Group were worth $740,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KB. BOCHK Asset Management Ltd purchased a new stake in shares of KB Financial Group during the 3rd quarter worth $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of KB Financial Group in the 3rd quarter valued at about $35,000. Venturi Wealth Management LLC raised its position in KB Financial Group by 2,427.9% during the third quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock worth $67,000 after acquiring an additional 1,044 shares during the period. GAMMA Investing LLC raised its holdings in shares of KB Financial Group by 36.9% during the third quarter. GAMMA Investing LLC now owns 1,279 shares of the bank’s stock valued at $79,000 after acquiring an additional 345 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of KB Financial Group by 5.7% in the third quarter. CWM LLC now owns 2,851 shares of the bank’s stock worth $176,000 after buying an additional 155 shares in the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on KB shares. StockNews.com lowered KB Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th.

KB Financial Group Trading Down 0.5 %

NYSE:KB opened at $58.75 on Monday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. KB Financial Group Inc. has a 1 year low of $45.59 and a 1 year high of $72.89. The stock has a market capitalization of $23.12 billion, a price-to-earnings ratio of 6.85, a PEG ratio of 0.46 and a beta of 0.99. The stock has a fifty day moving average price of $60.38 and a two-hundred day moving average price of $63.13.

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.