Polen Capital Management LLC Sells 63,738 Shares of KB Financial Group Inc. (NYSE:KB)

Polen Capital Management LLC trimmed its stake in shares of KB Financial Group Inc. (NYSE:KB) by 81.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 14,529 shares of the bank’s stock after selling 63,738 shares during the quarter. Polen Capital Management LLC’s holdings in KB Financial Group were worth $827,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in KB Financial Group in the 3rd quarter valued at $35,000. Hudson Edge Investment Partners Inc. boosted its stake in KB Financial Group by 5.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock valued at $198,000 after buying an additional 168 shares during the period. Drive Wealth Management LLC purchased a new position in KB Financial Group during the third quarter worth about $219,000. Commonwealth Equity Services LLC bought a new position in KB Financial Group in the 4th quarter worth about $222,000. Finally, Glenmede Trust Co. NA purchased a new stake in shares of KB Financial Group in the 3rd quarter valued at about $236,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Morgan Stanley raised KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th. StockNews.com raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Thursday, March 13th.

KB Financial Group Trading Up 0.7 %

NYSE KB opened at $55.33 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The stock’s 50-day simple moving average is $58.24 and its two-hundred day simple moving average is $61.79. KB Financial Group Inc. has a twelve month low of $45.59 and a twelve month high of $72.89. The company has a market capitalization of $21.77 billion, a price-to-earnings ratio of 6.45, a PEG ratio of 0.52 and a beta of 0.99.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Wednesday, March 5th. The bank reported $1.21 earnings per share for the quarter. The company had revenue of $2.94 billion for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. Research analysts forecast that KB Financial Group Inc. will post 8.87 EPS for the current fiscal 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.