Schechter Investment Advisors LLC Cuts Stake in KB Financial Group Inc. (NYSE:KB)

Schechter Investment Advisors LLC reduced its position in shares of KB Financial Group Inc. (NYSE:KB) by 11.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,655 shares of the bank’s stock after selling 882 shares during the quarter. Schechter Investment Advisors LLC’s holdings in KB Financial Group were worth $379,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of KB Financial Group during the third quarter valued at approximately $35,000. Venturi Wealth Management LLC increased its holdings in shares of KB Financial Group by 2,427.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock worth $67,000 after purchasing an additional 1,044 shares in the last quarter. Hudson Edge Investment Partners Inc. raised its stake in shares of KB Financial Group by 5.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock worth $198,000 after purchasing an additional 168 shares during the last quarter. Drive Wealth Management LLC bought a new position in shares of KB Financial Group during the third quarter valued at $219,000. Finally, Glenmede Trust Co. NA purchased a new stake in shares of KB Financial Group during the third quarter valued at $236,000. 11.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KB. StockNews.com lowered KB Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley upgraded shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th.

KB Financial Group Stock Performance

Shares of KB opened at $54.36 on Thursday. The firm has a market capitalization of $21.39 billion, a P/E ratio of 6.34, a PEG ratio of 0.52 and a beta of 0.99. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. KB Financial Group Inc. has a one year low of $45.59 and a one year high of $72.89. The business has a fifty day moving average of $58.77 and a 200 day moving average of $62.46.

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.