Dimensional Fund Advisors LP trimmed its holdings in shares of KB Financial Group Inc. (NYSE:KB – Get Rating) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,001,687 shares of the bank’s stock after selling 71,077 shares during the period. Dimensional Fund Advisors LP’s holdings in KB Financial Group were worth $116,052,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its stake in shares of KB Financial Group by 156.1% in the first quarter. BNP Paribas Arbitrage SA now owns 625 shares of the bank’s stock worth $31,000 after buying an additional 381 shares during the last quarter. Ronald Blue Trust Inc. boosted its holdings in shares of KB Financial Group by 37.7% during the fourth quarter. Ronald Blue Trust Inc. now owns 2,391 shares of the bank’s stock valued at $72,000 after acquiring an additional 654 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of KB Financial Group during the fourth quarter valued at $73,000. Captrust Financial Advisors lifted its holdings in KB Financial Group by 38.4% in the second quarter. Captrust Financial Advisors now owns 2,698 shares of the bank’s stock worth $100,000 after purchasing an additional 748 shares during the period. Finally, Pacer Advisors Inc. bought a new stake in KB Financial Group in the fourth quarter worth about $113,000. 5.80% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
KB has been the topic of several recent analyst reports. Bank of America cut their price objective on KB Financial Group from $55.38 to $46.15 in a report on Wednesday, March 1st. StockNews.com initiated coverage on KB Financial Group in a report on Thursday. They issued a “buy” rating on the stock.
KB Financial Group Trading Up 0.4 %
KB Financial Group (NYSE:KB – Get Rating) last announced its quarterly earnings data on Thursday, March 2nd. The bank reported $0.60 earnings per share (EPS) for the quarter. The business had revenue of $3.43 billion for the quarter. KB Financial Group had a net margin of 15.59% and a return on equity of 11.56%. As a group, sell-side analysts expect that KB Financial Group Inc. will post 9.23 EPS for the current year.
KB Financial Group Company Profile
KB Financial Group, Inc engages in providing financial services through its subsidiaries. It operates through the following segments: Corporate Banking, Retail Banking, Other Banking Services, Credit Card, Life Insurance, Investment and Securities business. The Corporate Banking business segment provides services such as loans, overdrafts, deposits, credit facilities and other foreign currency activities.
- Get a free copy of the StockNews.com research report on KB Financial Group (KB)
- MarketBeat Week in Review – 5/15 – 5/19
- Applied Materials: Cracks In The Chip Recovery Or Time To Buy?
- Deere & Company Rallies On Farm Equipment Boom, Bullish Outlook
- How Many Roth IRAs Can You Have?
- Why You Should Consider Buying Nvidia Ahead Of Earnings
Want to see what other hedge funds are holding KB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Financial Group Inc. (NYSE:KB – Get Rating).
Receive News & Ratings for KB Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.