Cullen Capital Management LLC Sells 35,969 Shares of KB Financial Group Inc. (NYSE:KB)

Cullen Capital Management LLC cut its stake in KB Financial Group Inc. (NYSE:KB) by 22.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,586 shares of the bank’s stock after selling 35,969 shares during the quarter. Cullen Capital Management LLC’s holdings in KB Financial Group were worth $7,260,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of KB Financial Group by 4.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank’s stock valued at $46,424,000 after acquiring an additional 36,394 shares during the period. American Century Companies Inc. raised its position in KB Financial Group by 4.9% in the 4th quarter. American Century Companies Inc. now owns 613,203 shares of the bank’s stock worth $34,891,000 after purchasing an additional 28,627 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in KB Financial Group by 15.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank’s stock worth $26,332,000 after purchasing an additional 56,400 shares during the last quarter. Ramirez Asset Management Inc. boosted its position in shares of KB Financial Group by 0.7% during the fourth quarter. Ramirez Asset Management Inc. now owns 243,300 shares of the bank’s stock valued at $13,844,000 after buying an additional 1,609 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of KB Financial Group during the fourth quarter valued at approximately $7,301,000. 11.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on KB. StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Morgan Stanley raised shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th.

KB Financial Group Stock Performance

Shares of NYSE:KB opened at $51.57 on Friday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $20.29 billion, a PE ratio of 6.01, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. The firm’s 50 day simple moving average is $56.56 and its 200-day simple moving average is $61.08. KB Financial Group Inc. has a one year low of $45.59 and a one year high of $72.89.

KB Financial Group (NYSE:KB) last issued its earnings results on Wednesday, March 5th. The bank reported $1.21 earnings per share for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The business had revenue of $2.94 billion during the quarter. As a group, equities analysts predict that KB Financial Group Inc. will post 8.87 EPS for the current year.

About KB Financial Group

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.