Amundi cut its position in KB Financial Group Inc. (NYSE:KB – Free Report) by 22.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,611 shares of the bank’s stock after selling 12,676 shares during the quarter. Amundi’s holdings in KB Financial Group were worth $2,598,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in KB. Wilmington Savings Fund Society FSB bought a new stake in KB Financial Group in the 3rd quarter valued at $35,000. Hudson Edge Investment Partners Inc. boosted its stake in KB Financial Group by 5.1% in the 4th 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 period. Drive Wealth Management LLC bought a new stake in KB Financial Group in the 3rd quarter valued at $219,000. Glenmede Trust Co. NA bought a new stake in KB Financial Group in the 3rd quarter valued at $236,000. Finally, Optas LLC bought a new stake in KB Financial Group in the 4th quarter valued at $261,000. 11.52% of the stock is currently owned by institutional investors.
KB Financial Group Stock Performance
NYSE:KB opened at $54.99 on Monday. The stock has a fifty day moving average price of $58.31 and a 200-day moving average price of $61.86. The company has a market cap of $21.64 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 0.52 and a beta of 0.99. 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 Inc. has a fifty-two week low of $45.59 and a fifty-two week high of $72.89.
Wall Street Analyst Weigh In
Several research firms recently issued reports on KB. StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research note on Thursday. Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th.
Read Our Latest Stock Report on KB
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.
Read More
- Five stocks we like better than KB Financial Group
- What is a buyback in stocks? A comprehensive guide for investors
- How to Build the Ultimate Everything ETF Portfolio
- Are Penny Stocks a Good Fit for Your Portfolio?
- Dutch Bros or Starbucks: Which Coffee Stock Has More Growth?
- 3 Monster Growth Stocks to Buy Now
- 3 Stocks With High ROE and Market-Beating Growth Potential
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 – Free Report).
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.