Signaturefd LLC Has $1.17 Million Stake in KB Financial Group Inc. (NYSE:KB)

Signaturefd LLC trimmed its position in KB Financial Group Inc. (NYSE:KB) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,158 shares of the bank’s stock after selling 564 shares during the period. Signaturefd LLC’s holdings in KB Financial Group were worth $1,165,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of KB. abrdn plc lifted its stake in KB Financial Group by 31.1% in the 4th quarter. abrdn plc now owns 11,610 shares of the bank’s stock valued at $480,000 after acquiring an additional 2,757 shares in the last quarter. DGS Capital Management LLC lifted its position in shares of KB Financial Group by 2.4% in the fourth quarter. DGS Capital Management LLC now owns 22,181 shares of the bank’s stock worth $918,000 after purchasing an additional 524 shares in the last quarter. Simplicity Solutions LLC boosted its holdings in KB Financial Group by 14.6% during the fourth quarter. Simplicity Solutions LLC now owns 11,048 shares of the bank’s stock worth $457,000 after purchasing an additional 1,407 shares during the last quarter. NewEdge Wealth LLC bought a new position in KB Financial Group in the fourth quarter valued at $1,294,000. Finally, Cerity Partners LLC grew its position in KB Financial Group by 4.8% in the fourth quarter. Cerity Partners LLC now owns 22,858 shares of the bank’s stock valued at $946,000 after purchasing an additional 1,039 shares in the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 13th.

KB Financial Group Stock Performance

Shares of NYSE KB opened at $46.24 on Monday. The stock has a market capitalization of $18.66 billion, a PE ratio of 5.24, a price-to-earnings-growth ratio of 0.37 and a beta of 1.03. KB Financial Group Inc. has a 52 week low of $35.20 and a 52 week high of $58.52. The stock has a 50 day moving average price of $51.02 and a 200 day moving average price of $44.41. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.69 and a current ratio of 1.67.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Wednesday, March 6th. The bank reported $0.43 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.21). KB Financial Group had a net margin of 12.94% and a return on equity of 7.72%. The company had revenue of $3.54 billion during the quarter. Analysts predict that KB Financial Group Inc. will post 9.18 earnings per share for the current fiscal 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.