Congress Wealth Management LLC DE Decreases Holdings in KB Financial Group Inc. (NYSE:KB)

Congress Wealth Management LLC DE trimmed its holdings in KB Financial Group Inc. (NYSE:KB) by 6.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,225 shares of the bank’s stock after selling 780 shares during the quarter. Congress Wealth Management LLC DE’s holdings in KB Financial Group were worth $696,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC lifted its stake in shares of KB Financial Group by 69.6% in the 3rd quarter. Cerity Partners LLC now owns 34,134 shares of the bank’s stock valued at $2,108,000 after acquiring an additional 14,008 shares during the last quarter. FMR LLC increased its stake in KB Financial Group by 121.6% in the 3rd quarter. FMR LLC now owns 33,642 shares of the bank’s stock worth $2,077,000 after purchasing an additional 18,459 shares during the period. Quantbot Technologies LP lifted its position in KB Financial Group by 27.0% in the third quarter. Quantbot Technologies LP now owns 5,086 shares of the bank’s stock valued at $314,000 after purchasing an additional 1,082 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of KB Financial Group by 23.4% during the third quarter. BNP Paribas Financial Markets now owns 12,319 shares of the bank’s stock valued at $761,000 after purchasing an additional 2,337 shares during the period. Finally, Townsquare Capital LLC bought a new position in shares of KB Financial Group in the third quarter worth approximately $338,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on KB shares. Morgan Stanley raised shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th. StockNews.com lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Friday, March 21st.

KB Financial Group Stock Performance

Shares of KB stock opened at $53.32 on Friday. The firm has a market capitalization of $20.98 billion, a price-to-earnings ratio of 6.21, a PEG ratio of 0.52 and a beta of 0.99. The stock has a fifty day moving average of $57.40 and a 200 day moving average of $61.32. KB Financial Group Inc. has a 52 week low of $45.59 and a 52 week high of $72.89. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29.

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

KB Financial Group Company 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.