Crossmark Global Holdings Inc. Sells 13,868 Shares of KB Financial Group Inc. (NYSE:KB)

Crossmark Global Holdings Inc. cut its position in shares of KB Financial Group Inc. (NYSE:KB) by 42.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,802 shares of the bank’s stock after selling 13,868 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in KB Financial Group were worth $1,161,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KB. Envestnet Portfolio Solutions Inc. bought a new position in KB Financial Group in the 1st quarter valued at $211,000. Quantbot Technologies LP grew its position in KB Financial Group by 36.0% during the first quarter. Quantbot Technologies LP now owns 8,979 shares of the bank’s stock valued at $468,000 after buying an additional 2,378 shares during the period. Sei Investments Co. increased its holdings in KB Financial Group by 5.4% during the first quarter. Sei Investments Co. now owns 70,846 shares of the bank’s stock worth $3,689,000 after buying an additional 3,656 shares during the last quarter. US Bancorp DE increased its holdings in KB Financial Group by 14.2% during the first quarter. US Bancorp DE now owns 24,325 shares of the bank’s stock worth $1,267,000 after buying an additional 3,022 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its position in KB Financial Group by 8.2% in the first quarter. Bleakley Financial Group LLC now owns 12,007 shares of the bank’s stock worth $625,000 after acquiring an additional 913 shares during the period. 11.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th.

KB Financial Group Stock Performance

NYSE:KB opened at $64.47 on Thursday. The company has a market capitalization of $25.37 billion, a P/E ratio of 7.81, a P/E/G ratio of 0.57 and a beta of 0.97. The business has a fifty day simple moving average of $64.66 and a two-hundred day simple moving average of $61.34. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.67 and a quick ratio of 1.67. KB Financial Group Inc. has a 1 year low of $36.57 and a 1 year high of $72.89.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.36. The company had revenue of $3.18 billion during the quarter. KB Financial Group had a return on equity of 7.29% and a net margin of 12.13%. On average, analysts expect that KB Financial Group Inc. will post 9.29 earnings per share 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.