Rhumbline Advisers Has $3.49 Million Holdings in KB Financial Group Inc. (NYSE:KB)

Rhumbline Advisers trimmed its stake in KB Financial Group Inc. (NYSE:KB) by 38.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,558 shares of the bank’s stock after selling 38,184 shares during the period. Rhumbline Advisers’ holdings in KB Financial Group were worth $3,485,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KB. Hilltop National Bank acquired a new stake in shares of KB Financial Group during the second quarter worth $34,000. GAMMA Investing LLC raised its position in shares of KB Financial Group by 98.0% in the 1st quarter. GAMMA Investing LLC now owns 689 shares of the bank’s stock worth $36,000 after acquiring an additional 341 shares in the last quarter. Tucker Asset Management LLC bought a new position in shares of KB Financial Group in the 4th quarter worth about $68,000. Barometer Capital Management Inc. acquired a new position in shares of KB Financial Group in the 4th quarter valued at about $120,000. Finally, First Affirmative Financial Network bought a new stake in shares of KB Financial Group during the 1st quarter valued at about $209,000. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 27th.

KB Financial Group Stock Performance

NYSE:KB opened at $61.54 on Wednesday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.33. KB Financial Group Inc. has a twelve month low of $36.57 and a twelve month high of $67.40. The company has a fifty day moving average of $62.37 and a 200-day moving average of $57.49. The firm has a market capitalization of $24.83 billion, a P/E ratio of 7.68, a P/E/G ratio of 0.41 and a beta of 0.99.

KB Financial Group (NYSE:KB) last posted its quarterly earnings results on Wednesday, August 14th. The bank reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.36. The business had revenue of $3.18 billion during the quarter. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. As a group, sell-side analysts anticipate that KB Financial Group Inc. will post 9.4 EPS for the current year.

About KB Financial Group

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.