Frank Rimerman Advisors LLC Has $201,000 Stake in KB Financial Group Inc. (NYSE:KB)

Frank Rimerman Advisors LLC trimmed its position in shares of KB Financial Group Inc. (NYSE:KB) by 81.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,530 shares of the bank’s stock after selling 15,614 shares during the period. Frank Rimerman Advisors LLC’s holdings in KB Financial Group were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in KB. Wilmington Savings Fund Society FSB acquired a new position in shares of KB Financial Group in the third quarter valued at $35,000. Hudson Edge Investment Partners Inc. increased its holdings in shares of KB Financial Group by 5.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock valued at $198,000 after purchasing an additional 168 shares during the last quarter. Drive Wealth Management LLC acquired a new position in shares of KB Financial Group in the third quarter valued at $219,000. Glenmede Trust Co. NA acquired a new position in shares of KB Financial Group in the third quarter valued at $236,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of KB Financial Group in the fourth quarter valued at $222,000. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KB has been the topic of several research reports. Morgan Stanley upgraded shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th. StockNews.com upgraded 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 %

Shares of KB Financial Group stock opened at $55.33 on Tuesday. The firm has a 50-day moving average of $58.24 and a 200-day moving average of $61.79. The stock has a market cap of $21.77 billion, a PE ratio of 6.45, a PEG ratio of 0.52 and a beta of 0.99. KB Financial Group Inc. has a 52-week low of $45.59 and a 52-week high of $72.89. 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 (NYSE:KB) last announced its earnings results on Wednesday, March 5th. The bank reported $1.21 earnings per share (EPS) for the quarter. The company had revenue of $2.94 billion during the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. As a group, sell-side analysts forecast that KB Financial Group Inc. will post 8.87 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.